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Glennmont's second fund closes
01 September 2014
Glennmont's second infrastructure fund, Clean Energy Fund II, raises €500m
Glennmont Partners has successfully closed its second fund,
Clean Energy Fund II, having raised €500m
Tthe fundraising has been supported both by existing and new
investors, including the European Investment Bank (EIB) which
invested €50m, the single largest clean energy equity
investment it made in 2013. The life of the fund is ten
"We have now fully invested our first fund. The oversubscribed
nature of our second fundraising, and the breadth and calibre
of our investors, is a clear signal that the markets appetite
for yield and long-term capital appreciation remains healthy,"
said Glennmont's managing partner Joost Bergsma.
With its second fund, Glennmont has attracted capital from new
territories and now has investors in its funds based across
Europe, the US, the Middle East and Asia.
Glennmont was founded last year as a subsidiary of BNP Paribas
Investment Partners. It manages long-term capital to invest in
alternative power generation projects focusing on proven
technologies such as wind, biomass, solar and small-scale hydro
across the UK and continental Europe.
Glennmont's first fund has operating infrastructure projects in
the UK, Ireland, France, Italy and Portugal.