Decarbonization Partners Fund I Closes at $1.4 Billion
May 3, 2024, 9:37 am
Decarbonization Partners, a collaboration between BlackRock and Temasek, has successfully closed its inaugural late-stage venture capital and growth private equity fund, The Decarbonization Partners Fund I, at a staggering $1.4 billion. This surpasses their initial fundraising target of $1 billion, showcasing strong investor interest in supporting companies driving decarbonization and the transition to a net-zero economy.
The fund attracted a diverse group of over 30 institutional investors from 18 countries, including public and private pension funds, sovereign wealth funds, insurance companies, corporations, and family offices across North America, Europe, and Asia Pacific. Notable investors include Allstate, BBVA, KIRKBI, Mizuho Bank, MUFG Bank, and TotalEnergies, as well as several Singaporean institutional investors.
Established in 2022, Decarbonization Partners has quickly become a leading climate technology investing platform globally, focusing on accelerating capital deployment into the emerging climate tech asset class. The team of investors brings strategic, financial, operational, and technical expertise, along with deep pools of capital, to support portfolio companies in achieving decarbonization goals.
The fund's investment strategy aims to generate attractive long-term financial returns while supporting companies with de-risked technologies ready to scale. Decarbonization Partners invests in a range of innovative decarbonization technologies, including sustainable materials, clean hydrogen, carbon management services, battery recycling, EV fleet management, and thermal energy storage for industrial applications.
With investments already made in seven companies, Decarbonization Partners has a solid pipeline of proprietary deal flow for future investments. The team, now consisting of over 25 members across multiple global offices, provides portfolio companies with valuable operational and technical support.
Key figures in the partnership, including Dr. Meghan Sharp, Larry Fink, and Dilhan Pillay, emphasize the importance of collaboration and innovation in addressing the climate crisis. They highlight the need for significant financial resources and collective efforts to accelerate progress towards a global net-zero ambition.
The successful closing of The Decarbonization Partners Fund I reflects the strength of the team and platform built over the past two years. Investors have shown confidence in the partnership's ability to drive decarbonization and support the transition to a sustainable economy. Decarbonization Partners stands as a purpose-built entity, uniquely positioned to collaborate with key players in the climate ecosystem and drive impactful change on a global scale.
The fund attracted a diverse group of over 30 institutional investors from 18 countries, including public and private pension funds, sovereign wealth funds, insurance companies, corporations, and family offices across North America, Europe, and Asia Pacific. Notable investors include Allstate, BBVA, KIRKBI, Mizuho Bank, MUFG Bank, and TotalEnergies, as well as several Singaporean institutional investors.
Established in 2022, Decarbonization Partners has quickly become a leading climate technology investing platform globally, focusing on accelerating capital deployment into the emerging climate tech asset class. The team of investors brings strategic, financial, operational, and technical expertise, along with deep pools of capital, to support portfolio companies in achieving decarbonization goals.
The fund's investment strategy aims to generate attractive long-term financial returns while supporting companies with de-risked technologies ready to scale. Decarbonization Partners invests in a range of innovative decarbonization technologies, including sustainable materials, clean hydrogen, carbon management services, battery recycling, EV fleet management, and thermal energy storage for industrial applications.
With investments already made in seven companies, Decarbonization Partners has a solid pipeline of proprietary deal flow for future investments. The team, now consisting of over 25 members across multiple global offices, provides portfolio companies with valuable operational and technical support.
Key figures in the partnership, including Dr. Meghan Sharp, Larry Fink, and Dilhan Pillay, emphasize the importance of collaboration and innovation in addressing the climate crisis. They highlight the need for significant financial resources and collective efforts to accelerate progress towards a global net-zero ambition.
The successful closing of The Decarbonization Partners Fund I reflects the strength of the team and platform built over the past two years. Investors have shown confidence in the partnership's ability to drive decarbonization and support the transition to a sustainable economy. Decarbonization Partners stands as a purpose-built entity, uniquely positioned to collaborate with key players in the climate ecosystem and drive impactful change on a global scale.