Decarbonization Partners Exceeds Fundraising Target With US$1.40 Billion Final Close for Inaugural Fund

NEW YORK & SINGAPORE--(BUSINESS WIRE)--Decarbonization Partners, a partnership between BlackRock and Temasek focused on investing in next-generation private companies that support the acceleration of decarbonization and the transition to a net-zero economy, today announced the final close of US$1.40 billion for its inaugural late-stage venture capital and growth private equity investment fund, The Decarbonization Partners Fund I (the “Fund”), surpassing its fundraising target of US$1 billion. I