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PE FORUM

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🚨 Temasek and BlackRock’s Decarbonization Partners Raises $1.4 Billion for Climate Innovation Fund - A joint venture between Temasek Holdings and BlackRock, named Decarbonization Partners, has successfully raised $1.4 billion for its inaugural venture capital fund. - The fund is one of the largest dedicated to investing in firms with technologies aimed at reducing carbon emissions. - Over 30 institutional investors, including Mizuho, MUFG Bank, and TotalEnergies, have joined the venture. - The fund exceeded its initial $1 billion fundraising target, with commitments from BlackRock and Temasek totaling $600 million. - Temasek has committed to halve the net carbon emissions of its portfolio by 2030 and achieve net zero by 2050. - Decarbonization Partners, established in 2022, has already invested in seven companies focusing on clean hydrogen, low-emissions battery recycling, and electric vehicle fleet management. - Notable investments include Antora Energy, a U.S. thermal battery maker, and dst group, a Chinese commercial EV fleet operator. - BlackRock CEO Larry Fink emphasized the significant demand for energy infrastructure amid global efforts to transition to lower-carbon power sources. - Decarbonization Partners operates in major cities worldwide, including New York, San Francisco, Singapore, London, Paris, and Houston, focusing on areas such as carbon capture, bio and low-carbon products, next-generation energy, and advanced mobility.

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