Glennmont Partners raises €195m

The UK fund manager achieved nearly one third of its third infra vehicle fundraising target.

Glennmont Partners has raised €195 million for its third Europe-focused infrastructure fund, Glennmont Clean Energy Fund Europe III (Fund III).

Fund III, with a fundraising target of €600 million, has gathered equity commitments from 13 investors, including the European Investment Bank, which approved a €100 million commitment to the vehicle.

Fund III will make investments in wind, solar, bio-energy, and hydro projects across the European Economic Area.