Private Equity Insights’ Post

BlackRock has achieved the first close of its Evergreen Infrastructure fund, securing nearly $1bn in commitments from European founding partners. Launched in June 2022, Evergreen Infrastructure is an open-ended equity fund focusing on European and North American infrastructure aligned with energy transition and security themes. The Fund has finalised the acquisition documents for Lighthouse Solar Austin, a US C&I solar and battery storage platform. The asset manager said the fund, with cornerstone commitments from European institutional investors like Intesa Sanpaolo and Inarcassa, plans to allocate 50-60% of its total portfolio to Western Europe. According to Anne Valentine Andrews, global head of infrastructure and real estate at BlackRock. “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.” #PEInsights #privateequity #infrastructure #renewableenergy