Insight

BlackRock Alternatives collects $4.5bn for fourth global infrastructure fund

The target is $7.5 billion.

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  • BlackRock Global Infrastructure Fund IV’s limited partners include public and private pension funds, sovereign wealth funds, insurance companies and family offices
  • Infra IV will target investments across five sectors: energy & environmental, low carbon power, regulated utilities, transportation & logistics, and digital infrastructure
  • BlackRock Alternatives’ infrastructure platform currently manages over $50 billion in client assets

BlackRock Alternatives has raised $4.5 billion for its fourth infrastructure fund. The target is $7.5 billion.

BlackRock Global Infrastructure Fund IV’s limited partners include public and private pension funds, sovereign wealth funds, insurance companies and family offices.

Infra IV will target investments across five sectors: energy & environmental, low carbon power, regulated utilities, transportation & logistics, and digital infrastructure.

“Since the inception of our funds 14 years ago, we have continually evolved our franchise alongside the growing market opportunity in infrastructure created by the changing ways we live, work, and connect,” said Mark Florian, a global head of diversified infrastructure, in a statement. “The positive initial response from our investors is a testament to BlackRock’s differentiated sourcing capabilities, disciplined investment approach and commitment to creating value for our clients.”

BlackRock Alternatives’ infrastructure platform currently manages over $50 billion in client assets. BlackRock manages $313 billion in alternative investments and commitments on behalf of clients worldwide as of September 30, 2022.