BlackRock Inc Expands Presence in Sustainable Investments
BlackRock Inc, the world’s largest money manager, has made significant moves in the market. The company has acquired a stake in Eni’s carbon capture and storage unit, aligning with its focus on sustainable investments.
New Fund to Target Secondhand Venture Stakes
BlackRock is preparing to launch a new fund that will buy discounted venture capital stakes from other investors. This move is seen as a strategic expansion of BlackRock’s push into the venture capital space.
Infrastructure Fund Invests in Eni’s Carbon Capture Business
The company’s infrastructure fund, GIP, has agreed to buy a significant stake in Eni’s carbon capture business. This development demonstrates BlackRock’s commitment to investing in sustainable and innovative sectors.
Key Developments
- BlackRock acquired a stake in Eni’s carbon capture and storage unit
- The company is launching a new fund to buy discounted venture capital stakes
- GIP, BlackRock’s infrastructure fund, invested in Eni’s carbon capture business