Glennmont Partners has raised €850m through its third fund to invest in clean energy infrastructure projects in Europe, including offshore wind for the first time.
Over 70% of the Clean Energy Fund III will be invested in projects in the Eurozone, as well as the UK, Glennmont said.
The fund attracted a variety of investors, including UK local authority pension plans such as Surrey, Southwark and East Riding councils, as well as the European Investment Bank.
It also brought in money from Japan, the US and other European markets, and beat the target close of €600m, Glennmont added.
Other technologies targeted are solar, onshore wind, bioenergy and small-scale hydro.
Glennmont chief executive Joost Bergsma said: “We are delighted to announce the successful closure of our third clean energy fund which has raised over three-quarters of €1bn.
“Institutional investors globally recognise that the energy transition and climate change is of key relevance to the performance of their portfolio.
“Glennmont’s investment strategy has proven to deliver good performance and predictable returns, and this strong demand from investors underlines the quality of the assets it invests in.”
EIB vice president responsible for renewable energy Andrew McDowell said: “Climate change is the biggest environmental crisis of our age.
“As the EU bank we know that mobilising private capital is key to address this challenge.
“This is the second time we partner with Glennmont in the Clean Energy Fund, which will invest in key technologies necessary to drive the clean energy transition.
“We are particularly pleased to see the fund surpass its initial target size. This shows the impact public investment like the EIB’s can have.”