Stockholm (NordSIP) – According to Morningstar, global sustainable funds expericed US$32.6 billions of inflows during the second quarter of 2022, bringing their total amount of assets under management to US$2.465 trillion. The inflows represented a 62% decrease from the previous quarter, largely due to “concerns over a global recession, inflationary pressures, rising interest rates, and the conflict in Ukraine.”
Most importantly, while fund flows were down, the sustainable segment of the market still outperformed the rest of the market, which has also been shaken by the ongoing macroeconomic and geopolitical disruptions.
On the back of this trend, Capital Dynamics announced the final closing of its Capital Dynamics Clean Energy Infrastructure IX (CEI IX), the Firm’s latest renewable energy fund, which invests in subsidy-free renewables projects across Europe aiming to invest in the power sector and capitalize on the growing demand for renewable energy sources.
“We are very pleased to announce the close of Capital Dynamics’ Clean Energy Infrastructure IX. The fact that the Fund has exceeded its target speaks to the high level of interest and enthusiasm we have seen from our investor base and the increasing demand for investment vehicles with specific renewables expertise to aid the energy transition. The ongoing effort to decarbonize our energy system underpins the longevity of these clean energy infrastructure technologies, and we are proud of our strong track record investing in the renewables space,” says Simon Eaves, Senior Managing Director and Co-Head of Clean Energy at Capital Dynamics.
According to Capital Dynamics, the Fund exceeded its initial target by approximately 75% and closed with €521 million in capital commitments from “a large, globally diversified investor base of new and existing investors, including pension funds, insurance companies, family offices and high-net-worth individuals, across Europe, Asia, Australia and the Middle East.” Capital Dynamics Clean Energy strategy was established to capture attractive investment opportunities in proven renewable energy technologies, with a focus on utility-scale and distributed generation, solar and wind.
“We are delighted with the high level of interest in our European Fund, which significantly exceeded our initial target. We believe that our ongoing pledge to fund the energy transition is helping contribute to the global reduction of CO₂ emissions, while offering stable returns to our investors and creating opportunities for the local communities in which we operate,” Dario Bertagna, Managing Director and Co-Head of Clean Energy at Capital Dynamics.