Key Takeaways
- • Legal & General and renewable energy specialist NTR have secured €330m at the first close of their fourth clean power fund, a European energy transition infrastructure vehicle.
- • Three initial acquisitions give the fund exposure to around 1.5GW of clean power generation and grid-support projects.
- • The first close positions the fund to deploy capital into an already assembled portfolio, according to AltAssets Private Equity News.
Summary
Legal & General and renewable energy specialist NTR have secured €330m at the first close of their latest European energy transition infrastructure fund, according to AltAssets Private Equity News. The fund is the fourth clean power vehicle in the partnership's series.
Three initial acquisitions provide exposure to around 1.5GW of clean power generation and grid-support projects. The portfolio is described as already assembled at the first close, which signals that the managers have moved to deployment alongside fundraising.
The full article is behind a premium paywall, so the publicly available detail is limited to the publisher summary. Investors seeking fund size targets, the specific asset mix between generation and grid-support, geographic breakdown of the three acquisitions, or fee terms should refer to the complete AltAssets report or to the fund's offering materials.
Three initial acquisitions provide exposure to around 1.5GW of clean power generation and grid-support projects. The portfolio is described as already assembled at the first close, which signals that the managers have moved to deployment alongside fundraising.
The full article is behind a premium paywall, so the publicly available detail is limited to the publisher summary. Investors seeking fund size targets, the specific asset mix between generation and grid-support, geographic breakdown of the three acquisitions, or fee terms should refer to the complete AltAssets report or to the fund's offering materials.
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