renewables

The acquisition of the BlackRock single-fund position could presage opportunity for pensions with a lower cost of capital than typical secondaries buyers.

The deal is one of only a few that have proceeded through the pandemic downturn, which otherwise has stopped most secondaries deal activity.

This is at least the third time the Blackstone secondaries unit has bought a stake in Doughty Hanson & Co. III, which has only one remaining investment.