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Laxman Pai, Opalesque Asia: Sandbrook Capital, a private investment shop focused on energy infrastructure, has amassed $2.1 billion to invest in renewable-energy businesses, as the private equity firm shifts its focus to the U.S. with its debut fund after making its first deals in Europe.
The private equity firm collected $1.5 billion for its debut fund plus $600 million in co-investment commitment.
As per a media release from the Stamford, Conn.-based clean-energy investor wrapped up its Sandbrook Climate Infrastructure Fund I with $1.5 billion, or 50% more than its initial $1 billion goal. The firm also collected slightly over $600 million for related co-investment vehicles, said Kenneth Ryan, a Sandbrook partner. Roughly 35 investors backed the fund, he said.
Sandbrook said it received investment from a broad group of investors from North America, Europe, and Asia, including pension funds, corporations, and family offices.
The fund invests in North America and Europe, supporting the growth of companies primarily within the clean power generation, transmission, storage, energy efficiency, and industrial decarbonization sectors, as well as associated services and supply-chain businesses.
The firm has built a diverse team of nearly 30 people, including investment professionals from several leading private equity firms as well as executives with significant operational expertise, such as the former CEOs of Engie, Siemens Gamesa, and Avangrid.
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