BlackRock has secured more than $800 million in initial commitments toward its $1 billion target for the BlackRock Impact Opportunities Fund. This new fund, the first multi-alternatives strategy of its kind, is already beginning to invest in businesses and projects owned, led by, or serving people of color, with a particular focus on Black, Latinx, and Native American communities in the United States.
Launched in 2021, this return-seeking fund looks to uncover compelling investment opportunities in undercapitalized companies and communities that are poised for growth. It takes a novel approach to social impact by making direct investments across private equity, private credit, infrastructure, real estate, and other niche asset classes – using a wide range of tools seeking to create collective wealth for the businesses and communities in which it invests, and to generate returns for the fund’s investors. The BlackRock Impact Opportunities Fund’s investments focus on themes such as housing, financial inclusion, education, healthcare, inclusive transition, and digital connectivity. To date, a broad investor base including leading corporations, pension funds, insurers, endowments, foundations, and family offices have committed to the debut fund.
The fund is led by a dedicated and experienced team of diverse portfolio managers that leverages BlackRock Alternative Investors’ $330 billion private markets platform, as well as the convening power of BlackRock, to source and execute investment opportunities.
Read more: Business Wire
