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The state investor has teamed up with BlackRock to raise billions for carbon-cutting startups The move is aligned with growing Singaporean interest in climate governance, and China’s efforts to attain net zero emissions by 2060, analysts say
4 Investment giants BlackRock and Temasek are launching a $1bn fund targeting venture capital and growth investment aimed Sorry, you need to subscribe to read this article. If you would like to access this article you must become a Premium Subscriber. Premium subscribers receive complete access to our daily breaking news, premium stories, weekly Fundraising & IR Review, Knowledge Bank and LP profiles - all which are accessible via our mobile platform.
Temasek, BlackRock partnership commits initial $600 mln to fund firms reducing carbon Reuters 1 hr ago SINGAPORE, April 13 (Reuters) - Singapore state investor Temasek Holdings and BlackRock, world's largest asset manager, said on Tuesday they have launched a partnership to invest in firms with products and technologies that will reduce carbon emissions. Popular Searches BlackRock and Temasek are committing a combined $600 million in initial capital to invest in multiple funds launched by the partnership, called 'Decarbonization Partners', which has a fundraising target of $1 billion for it...
Two of the world’s most powerful money managers are joining forces to build a business on climate-change investing and raise one of the largest venture-capital funds dedicated to carbon-cutting technologies. BlackRock Inc. and Singapore’s Temasek Holdings Pte. formed a new firm, Decarbonization Partners, to take stakes in startups that have the potential to reduce the world’s reliance on fossil fuels and meet the goal of zero-carbon emissions in three decades. They’re committing a total of $600 million to the effort, including $300 million of seed capital for a $1 billion first ...
Decarbonization Partners aims to raise a total of $1 billion for its first fund and will also scout for third-party capital.