- The evergreen infrastructure fund will invest in infrastructure businesses in Europe and North America that are focused on energy transition and energy security
- Also, the fund has agreed to acquire a U.S. commercial and industrial solar and battery platform
- The fund is being led by portfolio managers James Berner and David O’Brien
BlackRock has secured almost $1 billion for its evergreen infrastructure fund.
The backers include Intesa Sanpaolo S.p.A. and Inarcassa.
The evergreen infrastructure fund will invest in infrastructure businesses in Europe and North America aligned with energy transition and energy security.
“We are pleased to have completed Evergreen Infrastructure’s first close,” said Anne Valentine Andrews, a global head of infrastructure and real estate at BlackRock in a statement. “In today’s evolving energy landscape, companies are looking for capital that will partner with them as they adapt their businesses and navigate an accelerating long-term shift towards a lower-carbon economy.”
Also, the fund has agreed to acquire a U.S. commercial and industrial solar and battery platform.
The fund is being led by portfolio managers James Berner and David O’Brien.
As of September 30, 2023, BlackRock manages US$317 billion in liquid and illiquid alternative investments and commitments on behalf of clients worldwide.