BlackRock raises $1.6bn

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Blackrock has raised $1.65 billion to date for its Global Renewable Power Fund II. The New York-headquartered firm had set a $1 billion target and began fundraising in November 2015. 

Some investors of the fund include Orange County Employees Retirement System, London Borough of Haringey Pension Fund, Minnesota State Board of Investment and New Mexico State Investment Council. 

The fund will target renewable energy in North America and Western Europe.