BlackRock eyes $7b for new Global Renewable Power Fund

BlackRock eyes $7b for new Global Renewable Power 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

The world’s biggest asset manager BlackRock said it hopes to raise up to $7 billion for its fourth Global Renewable Power Fund as clients ramp up climate-friendly investments.