CapDyn’s clean energy fund closes short of target

The firm has raised $462.5m towards its fourth clean energy fund, originally targeting $750m

Global asset manager Capital Dynamics (CapDyn) has closed its fourth clean energy fund, originally targeting $750 million, on $462.5 million, PEI sister publication Low Carbon Energy Investor has reported. 

In a late October interview with the publication, managing director John Breckenridge had said: “We are raising our fourth fund, targeting $750 million, and we have held multiple closes on it already. We are optimistic on where we are and we have invested a substantial part of it.” 

The Clean Energy and Infrastructure Fund (CEI Fund) is CapDyn’s latest clean energy vehicle and takes the total amount the firm has raised for clean energy since 2010 to $1 billion. The fund attracted LPs from North America, Europe, Asia and the Middle East to invest in biomass, landfill gas, small hydro, solar, wind, gas-fired power and co-generation. 

To read more, please visit Low Carbon Energy Investor.