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(Bloomberg) -- BlackRock Inc. is tapping the private credit market to launch a new fund that will offer one of the fastest growing ESG investment strategies in the US. Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOzempic Is Making People Buy Less Food, Walmart SaysKey Taiwan Tech Firms Helping Huawei With China Chip PlantsApple Considered, Rejected Switch to DuckDuckGo From GoogleThe Climate

BlackRock Inc. has launched a new climate fund it says will support the transition to a low-carbon economy by investing in private debt markets. The product will become part of a transition investing platform at BlackRock that the asset manager says is worth more than $100 billion. It will be managed by a team of