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The world's largest money manager hopes the fund, to be announced on Tuesday and dubbed the Climate Finance Partnership, will show how to mobilize private capital in developing countries to tackle climate change.
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BlackRock Inc told Reuters it has raised a target-beating $673 million for an infrastructure fund with backing from the French, German and Japanese governments to invest in climate-focused projects such as renewable energy in emerging markets.
NEW YORK--(BUSINESS WIRE)--Jul 8, 2021-- BlackRock has secured more than US$250 million in commitments from a consortium of global institutional investors, governments and philanthropies for the Climate Finance Partnership (CFP), a flagship blended finance vehicle focused on investing in climate infrastructure across emerging markets in order to accelerate the global transition to a low carbon economy. Conceived at the One Planet Summit in September 2018 under the leadership of French President Emmanuel Macron, CFP showcases the potential for the public, philanthropic and private sectors to w...
James and Kathryn Murdoch back $335m BlackRock climate fundraising Michael Mackenzie Save Share New York | James and Kathryn Murdochâs non-profit foundation is part of a consortium of investors that has committed $US250 million ($335 million) to a climate finance fund being raised by BlackRock that will target emerging markets. The 10-member group participating in the fundraising includes institutional investors, governments and a philanthropic vehicle run by Jeremy Grantham, the veteran stockpicker. Kathryn Murdoch said the catalytic element would âleverage much bigger playersâ...