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BlackRock and Temasek last week announced they are to team up to form a major new partnership focused on delivering late stage venture capital and early growth private equity investment funds that support the development of a net-zero emission economy by 2050.
Decarbonization Partners brings together two of the world s largest asset managers in the form of U.S. financial giant BlackRock and Singapore-based Temasek.
The firms said it intends to commit a combined $600 million in initial capital to invest in multiple funds launched by the partnership, including $300 million of seed capital for a first fund aiming to raise a total of $1 billion.
Temasek and BlackRock unveil decarbonisation partnership
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BlackRock partners with Asia funds giant for net-zero boutique
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