BlackRock widens the renewables opportunity set in latest fund

BlackRock Real Assets reported a record fundraise for its third vintage of its flagship renewable power fund, showcasing the growing investor interest in the renewable energy space.

BlackRock’s Global Renewable Power Fund III (GRP III) attracted $4.8 billion from over 100 institutional investors, including leading public and private pensions, insurance companies, endowments, foundations and family offices from over 18 countries.

One of the fund’s latest investors is the Connecticut Retirement Plans and Trust Funds, which announced a $100 million investment to the fund in Continue Reading

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