Swiss asset management firm Capital Dynamics announced the final close of its Clean Energy and Infrastructure VII JV LLC fund (CEI VII) with capital commitments of $1.2 billion.
US.-based asset manager APG, the California State Teachers’ Retirement System and a wholly-owned subsidiary of the Abu Dhabi Investment Authority, the three investors in the CEI V vehicle, are the primary equity participants in CEI VII.
The fund will invest in U.S. based utility-scale renewable generation assets.
In total, Capital Dynamics manages approximately $4.8 billion for its clean energy infrastructure strategy.