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Laxman Pai, Opalesque Asia: Global asset manager Capital Dynamics (CapDyn) has closed its latest renewable energy fund - Capital Dynamics Clean Energy Infrastructure IX (CEI IX) - with EUR 521m ($508m) in capital commitments.
The private asset management firm said in a press release that CEI IX exceeded its initial target of EUR 300 million by approximately 75% and closed with EUR 521 million in capital commitments from new and existing investors, including pension funds, insurance companies, family offices, and high-net-worth individuals, across Europe, the US, Asia, and the Middle East.
Simon Eaves Co-Head of Clean Energy at Capital Dynamics, said: "The fact that the Fund has exceeded its target speaks to the high level of interest and enthusiasm we have seen from our investor base and the increasing demand for investment vehicles with specific renewables expertise to aid the energy transition. The ongoing effort to decarbonize our energy system underpins the longevity of these clean energy infrastructure technologies, and we are proud of our strong track record investing in the renewables space."
CapDyn has been investing directly in clean energy in Europe since 2013 and currently owns and operates over 30 projects with a combined capacity of over 1GW, the release said.
CapDyn's Clean Energy platform makes direct equity investments in carbon-reducing, renewable power-generating projects from late-stage development through commercial operations. The C...................... To view our full article Click here
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