Blackrock closes global renewable fund - almost double of its initial target

The world's largest asset manager has raised USD 4.8bn to invest in renewable power assets around the world.
Photo: SHANNON STAPLETON/Reuters / X90052
Photo: SHANNON STAPLETON/Reuters / X90052
By William Mathis / BLOOMBERG

Blackrock has raised USD 4.8bn for a new fund to invest in renewable power assets around the world - almost double its initial target.

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