James and Kathryn Murdoch back $335m BlackRock climate fundraising
Michael Mackenzie
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New York | James and Kathryn Murdochâs non-profit foundation is part of a consortium of investors that has committed $US250 million ($335 million) to a climate finance fund being raised by BlackRock that will target emerging markets.
The 10-member group participating in the fundraising includes institutional investors, governments and a philanthropic vehicle run by Jeremy Grantham, the veteran stockpicker.
Kathryn Murdoch said the catalytic element would âleverage much bigger playersâ to invest in âclimate tech solutionsâ with the âglobal scale and ambition necessary to have a real impactâ.Â