BlackRock Real Assets has achieved a US$1 billion first close for its Global Renewable Power III fund (“GRP III,”) with commitments from over 35 institutional investors in North America, Europe and Asia.

The Fund focuses on providing growth financing solutions for European middle-market companies and explicitly incorporates environmental, social and governance (ESG) considerations and monitoring into the investment process.

We are threatened with excitement in 2020, from civil unrest and ongoing trade wars to political upheaval and market volatility. We believe global economic expansion will continue at a slower, less even pace across regions.

The outlook for the UK stock market remains incredibly foggy in the run-up to this year's general election. Most global investors continue to regard the UK as an uninvestible market, as they have since the EU referendum in 2016.

The fund's investment strategy is based on an established process, which has a track record of producing returns with a low correlation to equities, bonds and alternatives, demonstrating particularly strong resilience in adverse market conditions.