Global asset manager Macquarie Asset Management (MAM) has closed a $3bn green energy transition fund which targets renewable fuels and carbon capture among other novel sectors.
It marks Macquarie’s first dedicated energy transition fund targeting opportunities beyond mature renewables.
The fund’s portfolio spans geographies and technologies and includes sustainable aviation fuel business SkyNRG and Calibrant Energy, which provides distributed energy solutions for industrial firms in North America.
Chris Archer, Executive Director, MAM Green Investments, said the significant investment requirements of the global energy transition present an opportunity to build tomorrow’s infrastructure.
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