Capital Dynamics raises approximately USD 1 billion for clean energy fund

Capital Dynamics, a global private asset manager, has announced the final closing of its Capital Dynamics Clean Energy and Infrastructure LP (CEI) at US$462.5 million.

The CEI fund is one of four distinct strategies forming part of Capital Dynamics’ clean energy platform. With the closing of the CEI fund, Capital Dynamics has raised approximately US$1 billion for its clean energy strategy since 2010.

The CEI fund attracted a diverse group of Limited Partners from North America, Europe, Asia and the Middle East.

The CEI fund targets investments in proven technologies such as biomass, landfill gas, small hydropower, solar, wind, gas-fired power and co-generation. It has already made nine portfolio investments in the United States and United Kingdom and has a strong pipeline of investments currently under consideration. Of the investments made, six are now operating and exporting electricity to the grid with one additional project expected to be fully operational by the end of Q1 2015.

John Breckenridge, Managing Director within the Clean Energy and Infrastructure (CEI) team at Capital Dynamics, stated:

“We would like to thank our investors, without whom we could not pursue such exciting investments in the clean power generation sector. We will continue to prioritize long-term benefits for our clients by capitalizing on our team’s deep experience in clean energy projects.”

Stefan Ammann, CEO of Capital Dynamics, added:

“The success of our CEI Fund is a clear indication of the demand for capital within the clean energy infrastructure field. Our CEI team is dedicated to supporting municipal clean energy efforts, finding value for our clients and making socially responsible investments in clean energy assets."