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Fried Frank-Led BlackRock Closes $4.8B Clean Power Fund
Law360 (April 8, 2021, 12:18 PM EDT) Infrastructure and real estate-focused BlackRock Real Assets, advised by Fried Frank, said Thursday that it has wrapped up its latest fund after securing $4.8 billion from limited partners, with plans to primarily target investments in renewable power generation across the globe.
The fund, billed as Global Renewable Power Fund III, drew capital commitments from more than 100 institutional investors spread throughout 18-plus countries, including public and private pension funds, insurance companies, endowments, foundations and family offices, according to a statement.
The Global Renewable Power Fund series has the stated aim of delivering attractive risk-adjusted returns with positive and measurable environmental and.
BlackRock closes renewable energy fund at $4 8 billion
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Woodmont sells Amazon warehouse for $31M | Real Estate Weekly
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BlackRock Real Estate closes fifth Asia property fund at $1.2b, surpassing target
Photo: Pradeep Gaur/Mint
March 2, 2021
BlackRock Real Estate, the realty investment management arm of global investment manager BlackRock, has closed its fifth Asia-focused fund with capital commitments amounting to $1.175 billion, it announced on Tuesday.
The fifth fund, BlackRock Asia Property Fund V, which invests in real estate assets across Asia Pacific, was oversubscribed and surpassed its $1 billion target, the investment firm said in a statement.
The fund’s investors include new and existing institutional investors across Europe, Asia, and the Americas comprising private pension funds, insurance companies, sovereign wealth funds, family offices, and endowments. In addition, 75% of clients in the predecessor fund invested in the fifth fund, the statement added.