Latin America green fund holds $50m first close

Real Infrastructure Capital Partners has managed to raise $50m from a group of development institutions to hold a first close for its Latin Renewables Infrastructure Fund. The latter is targeting a final close of $150m to $200m.

Fund manager Real Infrastructure Capital Partners (RICP) held a first close for a Latin America-focused renewable energy fund, the firm announced last week.

The fund, known as Latin Renewables Infrastructure Fund, managed to raise $50 million from a group of development institutions including Germany’s DEG, the Netherlands Development Finance Company, the International Finance Corporation, part of the World Bank Group, and the Swiss Investment Fund for Emerging Markets.