BlackRock invests $1.2bn in Credit Suisse-sponsored vehicle for solar energy

clock • 2 min read

BlackRock has invested in short-term green Asset-Backed Commercial Paper (ABCP) developed by Credit Suisse to fund solar energy in the United States. This investment channels capital from clients looking to invest cash sustainably. The notes were issued by Alpine Securitization LTD (a special purpose vehicle sponsored by Credit Suisse to issue ABCP). The $1.22bn investment was made across BlackRock's global Money Market Funds (MMFs), including their environmentally focused MMF platform. The BlackRock Liquid Environmentally Aware Fund platform (LEAF), combines a proprietary ESG-driven ...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.