Dec 1 (Reuters) - ALTÉRRA:
- PARTNERS WITH BLACKROCK AND AWARDS MANDATE TO INVEST US$2 BILLION IN CLIMATE TRANSITION PROJECTS
- US$1 BILLION TO BE ALLOCATED FROM ALTÉRRA ACCELERATION TO BLACKROCK’S CLIMATE TRANSITION- ORIENTED PRIVATE DEBT STRATEGY
- ALTÉRRA ACCELERATION AND ALTÉRRA TRANSFORMATION WILL ALSO COMMIT, IN TOTAL, $1 BILLION TO INVEST IN, OR CO-INVEST ALONGSIDE OF, BLACKROCK’S INFRASTRUCTURE EQUITY BUSINESS
- THIS INCLUDES US$650 MILLION FROM ALTÉRRA ACCELERATION COMMITTED TO THE BLACKROCK GLOBAL INFRASTRUCTURE FUND IV (“INFRA IV”) AND RELATED INFRASTRUCTURE CO-INVESTMENTS
- IN ADDITION, $350 MILLION WILL BE INVESTED IN INFRASTRUCTURE IN GLOBAL SOUTH
- ALTÉRRA ACCELERATION HAS COMMITTED TO CO-INVEST US$100 MILLION OF THAT ALONGSIDE BLACKROCK’S CLIMATE FINANCE PARTNERSHIP (“CFP”)
- ALTÉRRA TRANSFORMATION HAS COMMITTED THE REMAINING US$250 MILLION IN CATALYTIC CAPITAL TO A FORTHCOMING BLACKROCK-MANAGED STRATEGY
- BLACKROCK CLIMATE TRANSITION VEHICLE, BACKED BY ALTÉRRA, WILL TARGET SIMILAR OPPORTUNITIES, LEVERAGING A ROBUST PIPELINE SOURCED BY BLACKROCK’S CAPITAL MARKETS AND PRIVATE MARKETS INVESTMENT TEAMS AND SUPPORTED BY THE TRANSITION CAPITAL TEAM
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