Decarbonization Partners Successfully Closes Inaugural Fund at US$1.40 Billion

Decarbonization Partners, a collaboration between BlackRock and Temasek aimed at investing in next-generation private companies supporting decarbonization, has closed its first late-stage venture capital and growth private equity investment fund, The Decarbonization Partners Fund I, at US$1.40 billion, exceeding the US$1 billion target.

The Fund, attracting over 30 institutional investors from 18 countries, including BlackRock and Temasek, has seen commitments from Allstate, BBVA, KIRKBI, Mizuho Bank Ltd., MUFG Bank Ltd., and TotalEnergies, reflecting a diverse global investor base. The Fund has already invested in seven companies spanning innovative decarbonization technologies and intends to continue executing on its robust pipeline of proprietary deal flow in the coming months.

Decarbonization Partners, established in 2022, focuses on investing in sectors such as Carbon Capture, Storage and Utilization, Bio and Low Carbon Products, Next Generation Energy, Advanced Mobility, Carbon Management Services, and Digital Transformation.The Decarbonization Partners team is comprised of over 25 members across global offices.