BlackRock

Company description

BlackRock, Inc. is a U.S.-headquartered multinational investment management corporation based in New York City. Founded in 1988, initially as risk management and fixed income institutional asset manager, BlackRock became the world's largest asset manager as of 2010 after numerous acquisitions including Merrill, Quellos, State Street, and Barclays Global. As of 2014, BlackRock has US$4.401 trillion in assets under management.

BlackRock is independently managed, with no single majority stockholder. The PNC Financial Services Group has a minority ownership stake in BlackRock with the remainder of stock owned by institutional and individual investors, including BlackRock employees.

Participation in projects

Projects Transactions
List of the updates in which the company was involved

Company updates

  • September 16, 2022

    BlackRock to acquire PV installer solarZero

    BlackRock Real Assets has entered into an agreement to buy solarZero, a New Zealand-based solar energy services company. BlackRock will acquire solarZero for an undisclosed amount but has pledged to...

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  • April 27, 2022

    BlackRock, Mubadala invest in Tata Renewables

    Tata Power Company has entered into a binding agreement with a consortium led by BlackRock Real Assets, which includes Mubadala Investment Company, to invest in Tata Power Renewable Energy, the compan...

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  • November 05, 2021

    BlackRock to manage National Infrastructure Fund of Saudi Arabia

    Saudi Arabia has announced the launch of the National Infrastructure Fund (NIF) to support up to US$53 billion worth projects over the next decade. BlackRock has been selected to manage the fund...

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  • October 20, 2021

    DSD enters deal to acquire 41.5 MW of community solar projects in New York and Maryland

    New York-based Distributed Solar Development LLC (DSD), backed by BlackRock Real Assets, has entered into an agreement to acquire a 41.5 MW solar community portfolio located in the states of New York...

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  • June 18, 2021

    DIF Capital Partners invests in 298 MW Kingfisher Wind project in Oklahoma

    DIF Infrastructure VI has executed a definitive agreement to acquire 100% of the equity interests of Kingfisher Wind, a 298 MW operating wind project located in Oklahoma, US. DIF will acquire the proj...

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  • April 27, 2021

    Temasek and BlackRock launch Decarbonization Investment Partnership

    Temasek and BlackRock, Inc. have agreed to establish a partnership called Decarbonization Partners. The partnership will launch a series of late-stage venture capital and early growth private equity i...

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  • April 19, 2021

    BlackRock Real Assets achieves US$4.8bn FC for Global Renewable Power Fund III

    BlackRock Real Assets has successfully 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 publ...

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  • November 13, 2020

    BlackRock wholly owns Distributed Solar Development

    BlackRock Real Assets has completed the acquisition from GE Renewable Energy of the remaining 20 percent stake in Distributed Solar Development (DSD), a commercial and industrial (C&I) solar devel...

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  • October 16, 2020

    BlackRock increases interest in Vestas with DKK11bn investment

    US investment management company BlackRock Inc has acquired an additional interest in the Danish wind turbine manufacturer Vestas Wind Systems A/S with BlackRock's interest in the company up by 0...

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  • July 15, 2020

    BlackRock raises interest in SolarEdge Technologies to 10.3%

    US investment management company BlackRock Inc has further increased its interest in the Israeli solar energy technology company SolarEdge Technologies Inc. after it has acquired additional stake...

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