Capital Dynamics, an independent global asset manager, has announced the final close of its Clean Energy and Infrastructure VII JV LLC fund (CEI VII) with capital commitments of $1.2 billion.
In total, Capital Dynamics manages approximately $4.8 billion for its clean energy infrastructure strategy.
CEI VII is a successor fund to CEI V, which held its final close earlier this year at $1.2 billion and has now been fully invested in over 1.5 GW of solar projects in the U.S. Dutch asset manager APG, the California State Teachers’ Retirement System and a wholly owned subsidiary of the Abu Dhabi Investment Authority – the three investors in the CEI V vehicle – are the primary equity participants in CEI VII. The fund will invest in U.S.-based, utility-scale renewable generation assets.
“With the close of CEI VII, we will continue to execute our proven investment strategy of investing in high-quality renewable energy generation projects,” comments John Breckenridge, head of the Capital Dynamics Clean Energy Infrastructure business.
