BlackRock heading to net-zero but holds large fossil fuel investments for now
BlackRock Inc. is pressing companies worldwide to start planning for a net-zero economy, but the world’s largest asset manager still has substantial investments in fossil fuel companies, including coal producers. The number of fossil fuel investments that BlackRock holds declined steadily from the third quarter of 2019 through the third quarter of 2020, the most […]
The Boom in ESG Shows No Signs of Slowing
The numbers are simply astounding. Governments, corporations and other groups raised a record $490 billion last year selling green, social and sustainability bonds. A further $347 billion poured into ESG-focused investment funds—an all-time high—and more than 700 new funds were launched globally to capture the deluge of inflows. And 2021 is shaping up to be […]
BC Partners completes take private of IMA Group alongside Vacchi family
BC Partners, a leading international investment firm, alongside the Vacchi family, has completed the take private of IMA Group, a specialist in the production of automatic packaging machines. The business has been fully delisted from the Milan stock exchange and BC Partners and the Vacchi family now control 100 per cent of IMA Founded in […]
BlackRock is forcing finance to take climate risk seriously
BlackRock, the world’s largest investment firm, will put sustainability at the center of its investment strategy going forward, according to CEO Larry Fink’s annual letter to chief executives. The letter states that BlackRock, which manages almost $7 trillion in assets, will immediately stop investing in companies that “present a high sustainability-related risk,” such as coal […]
KKR to float private InvIT in bid to house renewable assets
KKR set up Virescent Infrastucture to manage its investments in green energy assets in India. This will be the second InvIT backed by KKR in India. Private equity firm KKR is setting up a private infrastructure investment trust (InvIT) to house operating renewable energy assets it aims to acquire in India, said two people aware […]
Sunpower Group divests non-core business for 2.3b yuan in management buyout
SUNPOWER Group is divesting its manufacturing and services (M&S) business for 2.3 billion yuan (S$463.3 million), after which 1.3 billion yuan of the net proceeds will be used for a proposed special dividend amounting to 1.1627 yuan per share on a fully-diluted basis. The group announced on Thursday that it has agreed to fully sell […]
Capital Dynamics Acquires Remaining Interest in Arlington Valley Solar Energy from Apollo
Capital Dynamics, an independent global private asset management firm, announced that its Clean Energy business has completed the acquisition of the remaining 69.98% interest in Arlington Valley Solar Energy II, a 175 megawatt solar photovoltaic project, from funds managed by affiliates of Apollo Global Management. CEI acquired a 30.02% interest in AVSE II as part […]
Why Socially Responsible Investing Is Likely To Gain Momentum Under Biden
Despite the Trump administration’s environmental policies investors and companies have rallied around sustainability. Get ready for a Biden boom in 2021. In the months leading up to the presidential election in 2016, socially responsible investing was gaining popularity on Wall Street. In February Larry Fink, CEO of the world’s largest asset manager, $7 trillion BlackRock […]
