
BlackRock Impact Opportunities
BlackRock’s purpose is to help more and more people experience financial well-being. We designed BIO to pursue opportunities that have historically been undercapitalized and, as a result, may offer differentiated sources of return.

Impact Themes

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Limited access to affordable healthcare exacerbates disparities and leads to poorer health outcomes and increased financial strain on undercapitalized communities. We finance health & wellness solutions and provide capital to organizations and facilities to promote the holistic wellbeing of communities.
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The absence of affordable financial services leaves undercapitalized communities vulnerable to predatory lending and financial instability. Improving financial inclusion is essential for building financial resilience, enabling wealth accumulation, and fostering economic opportunities. We focus on increasing access to capital and affordable financial services for undercapitalized households and businesses.
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The shortage of affordable housing is a national crisis. The high cost of housing, especially for undercapitalized communities, leaves fewer resources for food, healthcare, education, and other necessities. We aim to increase the supply of and access to affordable housing, and increase the participation of undercapitalized developers in real asset development.
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Without reliable internet access, undercapitalized communities face barriers to information, education, and economic opportunities, hindering their ability to participate in the digital economy and access essential services. BIO is committed to promoting digital connectivity and information architecture serving undercapitalized communities.
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Education significantly influences an individual’s lifetime earning potential and economic mobility. Undercapitalized communities are less likely to have access to quality education and instructional content. By investing in education, we aim to improve access to, increase participation in and increase affordability of quality education and workforce training across the cradle-to career continuum.
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The shift toward a sustainable economy may overlook undercapitalized communities, leaving them vulnerable to job losses and environmental impacts, necessitating investment to ensure equitable participation and benefits in this transition. BIO invests to increase the adoption of renewable energy and mitigating the negative impacts associated with the transition to a low-carbon economy.
IMM Frameworks
Among the many measurement frameworks available, we have integrated four into our IMM practice. We view the four frameworks as highly complementary to each other, providing a powerful, unified tool for impact assessment.1
Portfolio
View BIO’s seven most recent investments below, each exemplifying our dedication to creating long-term value, operational excellence, and making a meaningful impact in undercapitalized communities nationwide.2

GHI JV
Joint venture to finance the construction of affordable multifamily housing
Industry: Real Estate
Headquarters: Omaha, NE
Invested: 2024
Impact Theme(s): Housing

IGS Energy JV
Joint venture to deploy residential solar energy projects in underserved communities
Industry: Renewable Energy
Headquarters: Dublin, OH
Invested: 2024
Impact Theme(s): Inclusive Transition

Conexon
Builder and operator of Fiber-to-the-Home networks in rural America
Industry: Digital Infrastructure
Headquarters: Kansas City, MO
Invested: 2023
Impact Theme(s): Digital Connectivity

Lone Peak Dental Group
Pediatric Dental Service Organization focused on underserved communities
Industry: Dental Care
Headquarters: Englewood, CO
Invested: 2023
Impact Theme(s): Health & Wellness

Heritage Grocers Group
Grocery retailer focused on providing healthy, affordable produce in food deserts
Industry: Grocery Retail
Headquarters: Ontario, CA
Invested: 2023
Impact Theme(s): Health & Wellness

Indian Energy
Utility-scale renewable energy generation and long duration battery storage
Industry: Renewable Energy
Headquarters: Alpine, CA
Invested: 2023
Impact Theme(s): Inclusive Transition

MACRO
Award-winning, diversified media company dedicated to storytelling that defines culture
Industry: Media & Entertainment
Headquarters: Los Angeles, CA
Invested: 2022
Impact Theme(s): Inclusive Media, Financial Inclusion
News
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