Glennmont Partners has closed its third European clean energy fund at €850 million ($950 million) ahead of its target of €600 million ($670 million).
It is the largest amount that has ever been raised for a green energy–only fund with a European mandate, according to AP.
The Glennmont Clean Energy Fund Europe III invested more than 70 percent in infrastructure energy projects in the euro zone, with a focus on the United Kingdom market.
With €1.3 billion ($1.5 billion) of assets under management, London-based Glennmont Partners is one of Europe’s largest fund managers that focuses exclusively on investments in clean energy infrastructure. Investments include alternative power generation projects, including wind farms, biomass power stations, solar parks, and small-scale hydropower plants.
