Fundraising - SEPTEMBER 30, 2022

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Glennmont Partners from Nuveen Infrastructure secures €250m for new energy-transition enhanced credit strategy

by Kali Persall

Nuveen Infrastructure’s Glennmont Partners, has raised €250 million ($243 million) for its newly launched energy-transition enhanced credit II strategy (ETEC II).

The strategy is Glennmont’s second vintage energy-transition credit strategy focused on investments in renewable energy and sustainable infrastructure assets. Glennmont’s initial €200 million ($195 million) energy-transition credit strategy has exposure to more than 150 renewable-energy loans. Since the launch of the predecessor strategy, the primary lending and secondary loan portfolio opportunities are increasingly coming to market due to green infrastructure investment needs, as banks face more restrictive capital requirement constraints and balance sheet recycling needs.

ETEC II will seek to capitalize on growing opportunities to support the green energy and infrastructure transition. The strategy also aims to boost the deployment of renewable technologies, including both onshore and offshore wi

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