BlackRock, partners aim to raise initial $500m for climate fund

BlackRock, partners aim to raise initial $500m for climate fund

FILE PHOTO: The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid/File Photo - RTX389R9

A BlackRock-backed group aims to raise an initial $500 million for a private equity fund that will invest in climate change-linked infrastructure upgrades in emerging markets.