CarVal achieves final close for CVI Clean Energy Fund (CEF)

CarVal Investors has announced the final close of CVI Clean Energy Fund (CEF) with US$490 million in total capital commitments. The Fund, which exceeded its initial target size of US$250 million, is focused on credit and hard-asset investments in the clean energy sector, primarily in North America. CEF is a continuation of CarVal's platform for renewable energy private debt transactions, including contracted solar projects, battery energy storage, and energy efficiency-related investments.

The Fund has received commitments from both new and existing limited partners, representing a broad cross-section of corporate pension funds, sovereign wealth funds, private banks, endowment, foundations, fund of funds, family offices, and high net worth individuals.

Schulte Roth & Zabel LLP served as legal counsel to CarVal.