BlackRock announces first close of Evergreen Infrastructure Partners

BlackRock’s Evergreen Infrastructure Fund has secured approximately $1 billion in client commitments from European founding partners. The fund has already begun to commit capital and has signed definitive documentation to acquire, subject to customary closing conditions, a U.S. commercial and industrial solar and battery platform well positioned for the energy transition.

Announced in June 2022, Evergreen Infrastructure is a core, open-end 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. It seeks to deliver investors consistent long-term cash yield and resilient inflation-linked, fully contracted returns by investing in a portfolio of core infrastructure businesses diversified across geographies and sectors. In addition to energy transition and energy security, the fund will also focus on thematic sectors including transportation, digital infrastruc