Energy transition report
Unlisted funds targeting renewables – which to date make up the lion’s share of energy transition assets – has been increasing steadily, bar a dip in 2015. That has been accompanied by a healthy increase in average fund size, as the number of renewables funds have been decreasing, with LPs concentrating larger amounts of capital in the hands of managers with a successful track record, mirroring what’s happening in the larger unlisted infrastructure fund universe.
So far, 2018 is off to a strong fundraising start, following the €3.5 billion final close of Copenhagen Infrastructure Partners III.
The vehicle – which invests predominantly equity but can also do debt – should help
make 2018 the best renewables fundraising year ever, considering the amount raised by it is roughly equivalent to 78 percent of the total raised for renewables-focused funds in 2017.