Independent alternative asset manager Prime Capital AG has announced the eighth closing of its Prime Green Energy Infrastructure Fund II (PGEIF II), with total commitments of more than €1 billion ($1.17 billion). Fundraising is thus almost complete.
PGEIF II focuses on renewable-energy projects across Europe, with a particular emphasis on Scandinavia. Nearly 60 percent of commitments have come from existing investors and 40 percent from new investors. Target fundraising volume has been exceeded significantly.
This fund continues the strategy of its predecessor, the Prime Green Energy Infrastructure Fund (PGEIF). Prime Capital’s existing strategy in the renewable-energy sector focuses on plants with the lowest levelized cost of electricity (LCOE) in combination with attractive, risk-adjusted investments in the growing markets of energy transition. The fund has already secured a
