BlackRock raises $1b for initial closing of Evergreen Infrastructure fund

BlackRock has successfully reached the initial closing of its Evergreen Infrastructure fund, securing nearly $1 billion from European founding partners. Launched in June 2022, the fund focuses on European and North American infrastructure aligned with energy transition and security themes. It aims to deliver long-term cash yield and resilient inflation-linked, fully-contracted returns through diversified investments in core infrastructure businesses across various sectors, including transportation, digital infrastructure, and the circular economy. The fund has recently finalized acquisition documents for Lighthouse, a US C&I solar and battery storage platform, pending approval, showcasing its commitment to capitalizing on the growing demand for renewable energy distribution.