Decarbonization Partners, the collaborative initiative between BlackRock and Temasek, has triumphantly concluded its initial fundraising for a late-stage venture capital and early-growth fund dedicated to decarbonization efforts. With a final tally of $1.40 billion, the fund comfortably exceeded its original goal of $1 billion.
The fund drew substantial investment from a diverse group of participants, including BlackRock and Temasek themselves, alongside Allstate, BBVA, KIRKBI, Mizuho Bank Ltd, MUFG Bank Ltd, and TotalEnergies.
"This successful fundraise demonstrates the unique strength of our team and platform, which we’ve been building for the last two years," stated Meghan Sharp, who spearheads the global operations of Decarbonization Partners. "Clients have shown conviction in our ability to execute our strategy of supporting the acceleration of decarbonization and the transition to a net-zero economy through our investments."
Having launched in 2022, Decarbonization Partners has emerged as a significant player in climate technology investment. The firm boasts a global presence with offices located in key cities across the globe, including New York, San Francisco, Singapore, London, Paris, and Houston.
For a comprehensive overview of climate-focused funds launched since January 2022, refer to VCJ’s exclusive compilation.
