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Glentra Fund I completes €443m first close to invest in energy transition
Fundraising - SEPTEMBER 19, 2023

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Glentra Fund I completes €443m first close to invest in energy transition

by Kali Persall

Glentra Capital has announced the first close of its energy transition fund, Glentra Fund I, with a total of €443 million ($475 million) in commitments from anchor investors Novo Holdings and PKA, as well as several other investors. Glentra Fund I has a target size of €750 million ($805 million).

Based in Copenhagen and London, Glentra is a newly established investment firm focused on accelerating the energy transition for a clean and sustainable future. Glentra Fund I is positioned to help transform the way energy is produced, distributed and consumed worldwide to meet the U.N. climate goals. The fund will identify profitable investments that will benefit its investors and the planet, investing in and expanding companies that lead in the development and deployment of renewable energy, such as offshore and onshore wind, solar, sustainable fuels, energy storage, electric mobility and other related sectors.

Glentra is headed by founding partners Henrik Tordrup and La

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