Capital Dynamics, an independent global asset manager, today announced the final close of its Clean Energy and Infrastructure VII JV LLC fund (CEI VII) with capital commitments of $1.2 billion.
The fund will invest in U.S.-based utility-scale renewable generation assets.
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.
In total, Capital Dynamics manages approximately $4.8 billion for its clean energy infrastructure strategy and is now the second largest owner of solar projects in the United States.
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 more than 1.5 gigawatts of solar projects in the United States.
Capital Dynamics' Clean Energy Infrastructure team manages 2.3 net gigawatts of solar projects in its current portfolio, including five of the 15 largest solar farms in the United States.
Capital Dynamics is an independent global asset management firm focusing on private assets including private equity, private credit, clean energy infrastructure and energy infrastructure credit. Capital Dynamics offers a wide range of products including primary funds of funds, secondaries, direct investments, co-investments, customized separate accounts as well as structured private equity solutions. The firm has more than $15 billion in assets under management and advisement.
The firm established a clean energy infrastructure platform in 2010 for direct investments in real assets within the renewable energy sector. In 2017, a private credit business was launched that leverages the firm's extensive general partner relationship network to originate and invest in private credit transactions for middle-market companies owned by private equity sponsors. In 2018, the company expanded its energy infrastructure business to include energy infrastructure credit.
Capital Dynamics comprises Capital Dynamics Holding AG and its affiliates. Capital Dynamics is a registered investment advisor with the U.S. Securities and Exchange Commission. Capital Dynamics Broker Dealer is a registered broker dealer registered with the SEC and is a member of the Financial Industry Regulatory Authority.
