US asset manager BlackRock 's Evergreen Infrastructure fund has secured almost US$1 billion in client commitments from European founding partners and has committed capital to a solar and battery platform. Announced in June 2022, Evergreen Infrastructure is an open-ended infrastructure equity fund that focuses on investing in infrastructure businesses in Europe and North America aligned with the themes of energy transition and energy security. According to BlackRock, it seeks to deliver consistent long-term cash yield and "resilient inflation-linked, fully contracted returns" by investing in core infrastructure businesses diversified across geographies and sectors. In addition to energy transition and security, the fund will also focus on thematic sectors including transportation, digital infrastructure and the circular economy. Cornerstone commitments come from European institutional investors including Italian bank Intesa Sanpaolo and Inarcassa, the pension scheme for Italian engineers and architects.