TLDR:
- Decarbonization Partners Fund I has exceeded its target with a closing of $1.4 billion.
- The fund attracted over 30 institutional investors from 18 countries, including public and private pension funds, sovereign wealth funds, and insurance companies.
Decarbonization Partners, a collaboration between BlackRock and Temasek, has announced the successful closure of its inaugural late-stage venture capital and growth private equity investment fund, surpassing its fundraising target of $1 billion. The Fund, known as The Decarbonization Partners Fund I, secured $1.40 billion in commitments from a diverse set of institutional investors, including BlackRock and Temasek. Over 30 institutional investors from 18 countries, such as Allstate, BBVA, and Mizuho Bank Ltd., have invested in the Fund, highlighting the global interest in climate investing.
Dr. Meghan Sharp, Global Head of Decarbonization Partners, expressed pride in the team’s ability to secure investments and highlighted the fund’s unique platform for supporting decarbonization acceleration. Launched in 2022, Decarbonization Partners has become a leading climate technology investment platform globally, focusing on generating long-term financial returns while investing in companies driving decarbonization outcomes. The fund has already invested in seven companies across various decarbonization technologies, including sustainable materials and clean hydrogen.
With a team of over 25 professionals across different global offices, Decarbonization Partners is well-equipped to provide valued support to portfolio companies. The Fund’s investment strategy aims to bring down the green premium and facilitate an affordable energy transition while delivering long-term financial returns. The collaboration between BlackRock and Temasek, along with the support of various investors, is expected to accelerate innovative solutions for real-world decarbonization on a global scale.
