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Laxman Pai, Opalesque Asia: Renewable energy and infrastructure investor Qualitas Energy announced that its flagship Q-Energy Fund V (QE V), with an initial target size of €1.6 billion, was oversubscribed at close to €2.4 billion ($2.6bn), over the €2.3 billion hard cap.
This makes QE V one of the biggest renewable energy funds in Europe and the biggest private markets fund in Spain, where the firm started its inaugural operations in 2006, said a media release from the global investment and management platform focused on renewable energy, energy transition, and sustainable infrastructure investment.
Qualitas Energy has increased its fundraising capacity by nearly 1000%, from the initial €214 million raised in Q-Energy Fund I in 2006, now having raised nearly €4 billion in only the last five years.
According to the release from the Spanish renewables investor, commitments to the Fund span over 800 investors globally, with nearly full re-ups from previous investors, and above-market standard participation from the management team as well.
"This growth has been propelled by a global diversification of the investor base, marked by the addition of over 30 new institutional investors, including pension and insurance funds, global consultants, university endowments, and asset managers, among others. This broad investor base also encompasses family offices and a broad range of individual investors," it said.
Notably, the inves...................... To view our full article Click here
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