Glentra Capital announced first close of USD 471 million

Glentra Capital has announced the first close of its energy transition fund, Glentra Fund I, with a total of EUR443 million (US$475 million) in commitments from anchor investors Novo Holdings and PKA, as well as several other investors.

Glentra Fund I aims to reach a target size of EUR 750 million (US$805 million). This investment firm, headquartered in Copenhagen and London, is newly established with a primary focus on advancing the energy transition to promote a clean and sustainable future. The fund's objective is to identify profitable investment opportunities that not only benefit its investors but also contribute positively to the environment. It will achieve this by investing in and expanding companies that are at the forefront of renewable energy development and deployment, including offshore and onshore wind, solar power, sustainable fuels, energy storage, electric mobility, and related sectors. Glentra is led by its founding Partners, Henrik Tordrup and Lars Villadsen, both of whom are committed to investing a substantial portion of their personal wealth into the fund. Henrik Tordrup brings his experience from Ørsted and Copenhagen Infrastructure Partners (CIP) to the team.