BlackRock, Inc. and NTR plc have launched a new renewable power investment group comprised of NTR’s renewable division and BlackRock’s Alternative Investors (BAI) sector.
The new renewable power investment team will combine the international track-record of NTR in renewable power infrastructure development with the global fund management and distribution capabilities of BlackRock. As part of the strategic relationship, NTR will provide market perspective and insights to the renewable power investment team and will also retain an economic interest in an identified set of products on the new investment platform.
The agreement has NTR’s CEO Jim Barry taking on the role of Chief Investment Officer of the renewable power investment team within BAI. Barry said: “We see this as an exciting and significant development for NTR as for some years now we have identified renewable power as being a highly attractive asset class. We are delighted to combine our expertise in this sector with the global capabilities and reach of BlackRock.”
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