BlackRock closes infrastructure fund at $1bn

BlackRock has held the close of its Evergreen Infrastructure Fund with commitments of over $1bn.

The Evergreen Infrastructure is an open-ended infrastructure equity fund that focuses on investing in infrastructure businesses in Europe and North America aligned with the themes of energy transition and energy security. In addition, the fund will also focus on thematic sectors including transportation, digital infrastructure and the circular economy.

Evergreen Infrastructure will also track Temperature Alignment Key Performance Indicators, which will help align the fund to a 1.5°C temperature rise scenario. The commitments to Evergreen Infrastructure include Intesa Sanpaolo and Inarcassa and it is managed by portfolio managers James Berner and David O’Brien.