BlackRock raises $4.5b so far for latest climate-focused infrastructure fund

BlackRock raises $4.5b so far for latest climate-focused infrastructure fund

File photo of a BlackRock building in New York June 12, 2009. REUTERS/Eric Thayer

BlackRock Inc has raised $4.5 billion out of an overall $7.5 billion target for a new fund to invest in infrastructure assets aimed at climate-focused projects, the world’s largest asset manager said on Tuesday.