Exclusive: Capital Dynamics Half Way Toward New $750 Mln Fund

Capital Dynamics, the Swiss-based alternative asset management firm, has raised about half of its $750 million target for its new Capital Dynamics Energy & Infrastructure Fund, two sources told peHub.

Capital Dynamics, which manages investments through separate accounts, investment funds and structured private equity products, has been marketing the Clean Energy & Infrastructure Fund since late 2012, one of the persons said.  The fund will be structured for direct investments and ownership of clean energy projects such as wind farms, solar arrays, biomass plants, and hydropower.

David Scaysbrook, managing director of Capital Dynamics, will manage the fund, the source said. Scaysbrook, who founded U.K. power firm Novera Energy plc in 1997, has been investing in energy-related infrastructure projects for 20 years, according to his profile on the Capital Dynamics web site.

The fund also includes three other managing directors at Capital Dynamics: Karl Olsoni, Bob McClenachan and Rory Quinlan.

Last September, Capital Dynamics closed the $282 million Capital Dynamics U.S. Solar Energy LP fund.

In February of last year, Capital Dynamics closed its Capital Dynamics Champion Ventures VII, with $111 million, a US-based venture program targeting top-tier U.S. venture managers or international venture firms with U.S. ties.

Capital Dynamics has raised about 30 funds, according to data compiled by Thomson Reuters. Most of the vehicles are structured as funds of funds.

Its top co-investors include Khosla Ventures LLC, Oak Investment Partners and Genesis Venture Capital Group, according to data from Thomson Reuters.

It also served as an advisory shop to the Washington State Investment Board until 2010 after the pension ramped up its investment in private equity.
–Gregory Roth contributed to this report

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