CarVal Investors raises first clean energy fund

CarVal Investors held the final close of its CVI Clean Energy Fund with $490 million in commitments at a time when ESG-oriented funds are gaining in popularity.

The fund’s original target size was $250 million, but essentially is a continuation of CarVal’s platform for renewable energy private debt transactions, including contracted solar projects, battery energy storage and energy efficiency-related investments.

The $10 billion Minneapolis-based firm’s focus is the clean energy sector, primarily in North America with a credit and hard-asset investments.

“We are humbled by the . . .

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