Global Renewable Power III’s $4.8 Billion Fundraising

Fried Frank acted as counsel to BlackRock in the transaction.

BlackRock Real Assets achieved a US$4.8 billion final close of Global Renewable Power Fund III (“GRP III”) with commitments from over 100 institutional investors, including leading public and private pension funds, insurance companies, endowments, foundations and family offices from over 18 countries globally.

GRP III is a climate infrastructure fund investing in global climate infrastructure assets, primarily in renewable power generation, across the Americas, Europe and Asia. 

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, the company helps millions of people build savings that serve them throughout their lives by making investing easier and more affordable. 

The Fried Frank team advising BlackRock was led by corporate partner Kate Downey (Picture) and included corporate associates Piers Harris, Joanna Griffin, Nathan McKinnon and, George Skerrett.

Involved fees earner: Kate Downey – Fried Frank Harris Shriver & Jacobson; Joanna Griffin – Fried Frank Harris Shriver & Jacobson; Piers Harris – Fried Frank Harris Shriver & Jacobson; Nathan McKinnon – Fried Frank Harris Shriver & Jacobson; George Skerrett – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: BlackRock;

Author: Federica Tiefenthaler