AB CarVal achieves US$1.5bn final close for CVI Clean Energy Fund II
AB CarVal, part of leading global investment management firm AllianceBernstein L.P., has completed the final close of CVI Clean Energy Fund II (CEF II) with US$1.5 billion in total capital commitments to the energy transition strategy.
CEF II is a continuation of AB CarVal's platform for renewable energy private debt transactions. The Fund focuses on credit and hard-asset investments in the clean energy sector, primarily in North America and Europe. The Fund has received commitments from both new and existing limited partners, representing a cross-section of corporate pension funds, sovereign wealth funds, private banks, endowments, foundations, funds of funds, family offices, and high-net-worth individuals.
AB CarVal's first Clean Energy Fund closed in 2021, with US$490 million in total capital commitments. This is the firm's first fund closing since being acquired by AllianceBernstein in 2022.
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