The Taaleri SolarWind II fund, the fifth renewable-energy fund managed by Taaleri Energia Funds Management, has held its third closing, with €320 million ($389 million) in total commitments.
Investors in this close include Obligo Global Infrastuktur II Fund, YLE Pension Fund, the Nordic Environment Finance Corp., institutional and high-net-worth investors and the Taaleri Group. In addition, the Finnish Church Pension Fund joined the fund in June.
The Taaleri SolarWind II fund will remain open to new investors until June 2021 and has a hard cap of €400 million ($487 million). Taaleri said there are a number of institutional investors currently in active due diligence, and the firm expects to see continued demand in future closings.
The fund held its second closing with €275 million ($334 million) in equity commitments in March.
The Taaleri SolarWind II fund invests in utility
