Long-term capital structures provide the
flexibility to invest across the major themes of energy transition
and energy security
More than half of the strategy will be
allocated to Europe initially, becoming globally diversified in the
coming decades
BlackRock today announced it will establish a perpetual
infrastructure strategy that will seek to partner with leading
infrastructure businesses over the long term to help drive the
global energy transition. Building on the broad capabilities of
BlackRock’s longstanding infrastructure platform, it will seek to
make lasting investments in core assets and aim to create
resilient, inflation-linked returns for investors, while creating
growth in the real economy. Over half of the strategy will be
allocated to Europe initially, becoming increasingly global over
the decades to come.
The shift toward a green economy is creating a step change
across all infrastructure sectors today, opening attractive
investment opportunities in several areas. This strategy will
pursue investments in the megatrends of energy transition and
energy security, as well as digital and community infrastructure,
sustainable mobility, and the circular economy. It will seek to
deploy capital into fully integrated businesses such as utilities
and end-to-end renewable energy infrastructure players, as well as
assets such as data centers, grid digitization technologies,
battery storage systems, and natural gas storage and transport
facilities, where adaptable to incorporate hydrogen. Through its
investments in these businesses, BlackRock will take an active
approach in helping companies transition to lower-carbon business
models over time.
“We believe the intersection of infrastructure and
sustainability will be one of the biggest opportunities in
alternative investments in the coming years. At the same time,
recent events have sharpened the focus on energy security and
further compounded the need for infrastructure investment,” said
Edwin Conway, Global Head of BlackRock Alternative
Investors. “Private markets will continue to play a pivotal
role in the energy transition, and we are pleased to offer our
clients another way to go beyond simply navigating the transition
to driving it forward.”
An estimated $125 trillion of investment is needed globally by
2050 to reach net zero1, including over $4 trillion per year
compared to $1 trillion per year currently. 2 In addition to
financing the transition over the long term, a new driving force
has become the near-term issue of energy security, particularly in
Europe, a result of the energy shocks caused by the war in Ukraine.
According to the BlackRock Investment Institute, the switch away
from Russian energy will accelerate the net-zero transition in
Europe over the long term but make it more divergent globally.3
“BlackRock is a leader in the energy transition, having
mobilized over $55 billion of investments across our infrastructure
strategies since their inception,” said Anne Valentine Andrews,
Global Head of BlackRock Real Assets. “Our ability to convene
companies, governments and institutional clients means we are
uniquely placed to deploy capital from investors globally into real
assets that drive the energy transition and have a positive impact
on local communities and economies.”
BlackRock Alternative Investors has a broad range of private
market capabilities designed to help drive the energy transition.
As an early mover in the energy transition, BlackRock’s first
investment in renewable power on behalf of its clients was a wind
project in Europe in 2012. Since then, BlackRock’s $75 billion Real
Assets business has continued to evolve its strategies with the
broadening market opportunity through its diversified
infrastructure and climate infrastructure businesses. BlackRock
today manages one of the largest climate infrastructure franchises
globally, investing in renewables across developed markets.
BlackRock recently partnered with the Governments of France,
Germany, and Japan, together with a number of institutional
investors and leading foundations, to raise the Climate Finance
Partnership, a flagship blended finance vehicle focused on
investing in climate infrastructure across emerging markets. Most
recently, BlackRock established Decarbonization Partners, a
partnership with Temasek focused on late-stage venture capital and
early growth private equity investing in decarbonization
solutions.
Additionally, BlackRock has recently partnered with companies
and invested in projects that help to drive the energy transition.
These include, among others: a joint venture with KX Power, the
UK-based developer and operator of battery energy storage systems;
an investment in Kellas Midstream, an energy infrastructure company
that is developing a major blue hydrogen project in the UK; the
signing of a memorandum of understanding with Aramco to explore
joint opportunities in future energy transition projects related to
low carbon energy infrastructure; an investment in Calisen, a
leading owner and installer of smart meters in the UK; and an
investment in IONITY, one of Europe’s leading high-power charging
networks, which will enable the company to increase the number of
high-power charging points by more than four times by 2025.
BlackRock intends to launch underlying open-ended investment
vehicles and will be seeking founding partners in the second half
of 2022. The open-ended structures will provide the ability to
continuously raise and invest capital over the life of the
strategy.
About BlackRock Alternative Investors
BlackRock Alternative Investors serves investors seeking
outperformance in real estate, infrastructure, private equity,
credit, hedge funds and alternative solutions. We strive to bring
our investors the highest quality investments by drawing upon our
global footprint, superior execution capabilities and position as a
preferred partner. BlackRock manages $330 billion in alternative
investments and commitments on behalf of clients worldwide as of
March 31, 2022.
Disclaimers
Risk Warnings
Capital at risk. The value of investments and the income
from them can fall as well as rise and are not guaranteed.
Investors may not get back the amount originally invested.
Past performance is not a reliable indicator of current or
future results and should not be the sole factor of consideration
when selecting a product or strategy.
Changes in the rates of exchange between currencies may cause
the value of investments to diminish or increase. Fluctuation may
be particularly marked in the case of a higher volatility fund and
the value of an investment may fall suddenly and substantially.
Levels and basis of taxation may change from time to time.
Important Information
This material is for distribution to Professional Clients (as
defined by the Financial Conduct Authority or MiFID Rules) only and
should not be relied upon by any other persons.
This is issued by BlackRock Investment Management (UK) Limited,
authorised and regulated by the Financial Conduct Authority.
Registered office: 12 Throgmorton Avenue, London, EC2N 2DL. Tel: +
44 (0)20 7743 3000. Registered in England and Wales No. 02020394.
For your protection telephone calls are usually recorded. Please
refer to the Financial Conduct Authority website for a list of
authorised activities conducted by BlackRock.
Any research in this document has been procured and may have
been acted on by BlackRock for its own purpose. The results of such
research are being made available only incidentally. The views
expressed do not constitute investment or any other advice and are
subject to change. They do not necessarily reflect the views of any
company in the BlackRock Group or any part thereof and no
assurances are made as to their accuracy.
This document is for information purposes only and does not
constitute an offer or invitation to anyone to invest in any
BlackRock funds and has not been prepared in connection with any
such offer.
1 “Financing Roadmaps,” Glasgow Financial Alliance for Net Zero,
November 2021, https://www.gfanzero.com/netzerofinancing/ 2 “Net
Zero by 2050,” International Energy Agency, May 2021,
https://www.iea.org/reports/net-zero-by-2050 3 “Taking Stock of the
Energy Shock,” BlackRock Investment Institute, March 2022
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220615006107/en/
Venetia Hendy (EMEA) +44 777 649 6563
venetiaceleste.hendy@blackrock.com
Christopher Beattie (AMRS) +1 646 231-8518
christopher.beattie@blackrock.com
BlackRock (NYSE:BLK)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
BlackRock (NYSE:BLK)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024