BlackRock Alternatives (BlackRock), through its Infrastructure business, has raised $4.5 billion in initial investor commitments for BlackRock Global Infrastructure Fund IV (Infra IV), achieving over half of its targeted size at first closing.
The fund, which invests in essential infrastructure assets globally, secured initial commitments from a diverse group of institutional investors, including public and private pension funds, sovereign wealth funds, insurance companies and family offices. These clients are based around the world, including from the United States, Asia, Europe and the Middle East. Over 75 per cent of the commitments in the Fund are from investors who have invested in prior vintages of the strategy.
The fund, which is targeting $7.5 billion, is the fourth vintage of BlackRock’s flagship global diversified infrastructure equity fund series and builds on the strategy of the Global Energy & Power Infrastructure Funds. Infra IV seeks to deliver resilient cashflow and long-term capital appreciation to investors and is managed by the same global team of more than 60 infrastructure experts as its three predecessor funds. The group is led by Mark Florian and a senior team with 20 years of average industry experience, most of whom have been investing together for over a decade.
Read more: Private Equity Wire
