MOVES-BlackRock Alts arm hires new head of sustainable investing – memo

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LONDON, Oct 12 (Businesshala) – The alternative investment arm of BlackRock, the world’s largest asset manager, has appointed Kristen Weldon as global head of sustainable finance, according to a memo seen by Businesshala.

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Joins Weldon Partners Capital, where she was Head of ESG (Environmental, Social and Governance) and Impact Investing. The memo states that in her previous roles, Weldon was co-head of Blackstone’s hedge fund solutions business.

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“Based in London, she will continue to advance our agenda by putting the adoption of ESG and sustainable investment principles at the heart of our business and a comprehensive approach to assessing climate risk,” the memo from BlackRock Alternative Investments (BAI) said. Will lead important initiatives like developing the infrastructure.” said Jim Barry, head and chief investment officer at Edwin Conway.

Weldon replaces Teresa O’Flynn, who is stepping down to become a founding member of Decarbonization Partners, a venture capital and private equity partnership with Singapore-based investor Temasek, announced in April.

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As part of its expansion into sustainable investment, BAI also launched the world’s largest renewable energy infrastructure fund, Global Renewable Power III, earlier this year, which closed at $4.8 billion. (Reporting by Simon Jessop Editing by Mark Potter)

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