Prime Capital, an independent asset manager and financial services provider based in Frankfurt, has announced the final close of its sustainable multi-investor infrastructure fund, Prime Green Energy Infrastructure Fund. The PGEIF has achieved total commitments of €586 million ($662 million), significantly exceeding its target volume of €500 million ($564.8 million).
The fund was launched in June 2020 and focuses on onshore wind power in Scandinavia. By entering the projects early, the value generated during the commercialization phase is made available to investors, thereby generating an alpha of two to three percentage points of return compared to conventional investment strategies. This approach, which has already been tested several times, includes, among other things, the extension of approval periods, the optimization of both the wind farm layout and the turbine technology as well as a broad tendering of operational management contracts.
“The idea of launch
