London LGPS CIV has completed a second close of its LCIV Renewable Infrastructure Fund, adding £247.5 million ($337 million) from five investors.
This latest fundraise brings the fund’s total assets to £682.5 million ($930 million).
LCIV Renewable Infrastructure Fund invests in both greenfield and brownfield assets, including generation, transmission, distribution and enabling assets. The fund was seeded in March with a £435 million ($593 million) investment from five initial client funds.
“I am pleased to welcome an additional five client funds into this fund,” said Mike O’Donnell, CEO of London CIV. “It is a product that supports our ongoing commitment to ESG integration and managing climate risks, so it is great to see so many of our client funds investing in sustainable opportunities.”
He added: “It is one of our most successful London CIV fund launches to date, and I look forward to continuing to work in collaboration with our client