Platina Partners LLP (Platina), a private equity fund manager specialising in renewable energy and buyouts in turnaround situations, announces the closing of its European Renewable Energy Fund (EREF) with total commitments of € 209 million.
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The Fund will invest in renewable energy projects across Europe at all stages, from development to construction and energy production. Platina has expanded its investor base for EREF, attracting banks, funds of funds and pension funds from across Europe, with Access Capital Partners, the European Investment Bank, Euro Private Equity, the Finnish State Pension Fund and Partners Group among the new investors. EREF has around € 150 million of uncommitted funds ready to be invested and will continue to focus on projects at all stages of development with typical enterprise values for operational assets of € 20-200 million.
