Ember Infrastructure closes debut fund with $340m of capital commitments

Jul 5, 2022 | News

Ember Infrastructure has closed its debut Fund I with over $340m of capital commitments to invest in the energy transition and resource efficiency sectors.

The Fund has completed three investments to date, including the formation of bioenergy platform ReGenerate Energy, an investment in energy storage systems Caban Systems, and an investment in solar developer SunShare.

Elena Savostianova, founder and managing partner of Ember, said, “We are incredibly pleased with the support we’ve received from investors with a variety of objectives, including investors looking to achieve alpha in their infrastructure portfolios as well as investors who want to increase their allocations to sustainable investments but who want to still earn competitive returns.

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“On the portfolio side, we are excited about the partnerships we’ve built to date with strong operating teams ready to capitalize on the tremendous growth opportunity offered by a new generation of infrastructure technologies. We are thrilled to direct our expertise and capital towards the businesses building the infrastructure that we believe can bring us closer to a sustainable future.”

Kirkland & Ellis LLP served as fund counsel.

Ember Infrastructure aims to invest in assets and companies that decarbonize the economy, use resources efficiently and focus on sustainable processes across the value chain.

Its senior investment team includes five former execs from Global Infrastructure Partners, including founder Savostianova.

Source: Alt Assets

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