Investment giant BlackRock announced today that it has raised nearly $1 billion in client commitments at the initial close of its energy transition and energy security-focused Evergreen Infrastructure fund,

Launched in June 2022, fund is a core, open-ended infrastructure equity fund that focuses on investing in infrastructure businesses in Europe and North America aligned with the themes of energy transition and energy security, in addition to a focus on thematic sectors including transportation, digital infrastructure and the circular economy.

According to BlackRock, the fund aims to partner with infrastructure businesses looking for financing to support their evolution and growth through the decades-long energy transition, including working with portfolio companies on the implementation of decarbonization activities, and tracking assessing and reporting on progress over time.

The fund will also track Temperature Alignment Key Performance Indicators, helping the portfolio management team align the fund to a 1.5°C temperature rise scenario, BlackRock said.

[These people have certainly got the money. It’s terrifying. Watch the politicians who snorfle up to them and then vote for their opponent. ~ Beege]