BlackRock Alternatives (BlackRock) announced about raising US$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 through its Infrastructure business. 

A diverse group of institutional investors, including public and private pension funds, sovereign wealth funds, insurance companies and family offices provided initial commitments to the Fund. The fourth BlackRock fund is based on the Global Energy & Power Infrastructure Funds strategy and aims to provide sustainable cash flow and long-term capital appreciation for investors. Infra IV plans to build a diversified portfolio of essential, contracted infrastructure assets and businesses worldwide that are well-positioned to capitalize on three long-term trends: Decarbonization, Decentralization and Digitalization (3Ds).

Infra IV, which is targeting US$7.5 billion, will invest in energy & environmental, low carbon power, regulated utilities, transportation & logistics, digital infrastructure, climate solutions and maintain infrastructure for energy supply.