Travers Smith LLP has advised Alcazar Energy Partners II SLP (SCSp) ("AEP-II"), Alcazar Energy's renewable energy fund, on its successful first close of US$336.6m.
AEP-II, a sustainable infrastructure fund focused on utility-scale renewable energy projects in emerging markets, has a target size of US$500m and a hard cap of US$650m. At first close, AEP-II accepted US$336.6m of commitments from eight public and private institutional investors, including the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the International Finance Corporation (IFC) and EMCAF, a fund managed by AllianzGI and advised by EIB.
The Travers Smith team was led by Funds Partner Jeremy Elmore and included Funds Associates Rory Page and Jonathan Trent and Associate Secondee Will Fabbro.
