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BlackRock raises $5.1bn

The New York investment firm closes its latest energy fund above its target.

By
Stephen Schultz
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  • Fund name: Global Energy and Power Infrastructure Fund III
  • Amount raised: $5.10 billion
  • Target size: $3.50 billion
  • Stage of fundraising: Final close
  • Final close date: April 2020

BlackRock held a final closing of Global Energy and Power Infrastructure Fund III at $5.10 billion, exceeding its $3.50 billion target. Capital raised by the vehicle will be used to invest in companies throughout North America, Europe, Latin America and the Asia-Pacific regions across sectors that include energy, renewables and utilities.