Sandbrook Capital, which was established two years ago, has raised $1.5bn (€1.39bn) for its debut energy-transition infrastructure fund.
Its Sandbrook Climate Infrastructure Fund I has held a final close, meeting its fundraising limit of $1.5bn.
The firm said it now manages $2.1bn in capital from limited partners, including associated co-investment vehicles.
The fund invests in North America and Europe, supporting the growth of companies primarily within the clean power generation, transmission, storage, energy efficiency and industrial decarbonisation sectors, as well as associated services and supply-chain businesses.
Sandbrook said it received investment from a broad group of investors from North America, Europe and Asia, including pension funds, corporations and family offices.
Last year, IPE Real Assets reported that the New Mexico State Investment Council committed $150m to the fund.
The fund has already made three investments, including the purchase of German renewable energy company NeXtWind Capital alongside co-investors Public Sector Pension Investment Board and the Investment Management Corporation of Ontario.
It also launched Voltwise Power, a UK developer, owner and operator of utility-scale battery energy storage systems, and acquired Havfram, a Norwegian company focused on the installation of offshore wind generation facilities in Europe.
To read the latest IPE Real Assets magazine click here