Climate Adaptive Infrastructure Raises Over $1 Billion For Inaugural Fund
Summary
Climate Adaptive Infrastructure, a San Francisco, CA-based investment firm that targets control investments in large-scale, low-carbon real assets in the clean energy, water, and urban infrastructure sectors, closed its inaugural fund, raising more than $825m in equity. In addition, alongside the Climate Adaptive Infrastructure Fund LP, CAI has an affiliated co-investment program of over $200m, for a total of over $1 billion in equity to deploy. The vehicle targets low-carbon real assets in energy, water, and urban infrastructure sectors. To date, CAI has deployed 39% of the fund across three investments, including: • Intersect Power, a clean energy company providing low-carbon electricity, fuels, and related products to customers across North America; • Sentinel Energy Center, an 850 MW critical peaking power plant in Riverside California; and • Rye Development, a U.S. developer of low-impact hydropower generation and pumped-hydro energy storage. The firm seeks investments across core infrastructure assets that improve the sustainability and quality of life for the world’s large and growing population.