German asset manager nears first close of fifth renewables fund eying attractive future returns

Despite a surge in the number of capital-raising strategies tied to green power, German asset manager KGAL's business development team expects renewables to offer sustained opportunities for generating attractive returns as the money manager nears first close of its fifth renewables fund.

KGAL Senior Director of Institutional Business Development for the Nordics Elin Aberg and Head of International Institutional Business Christian Schulte Eistrup | Photo: PR / KGAL

German asset manager KGAL is raising capital for its fifth European renewable energy fund, aiming for EUR 750m.

While the upcoming fund, Enhanced Sustainable Power Fund 5 (ESPF5), is in its preliminary stages, KGAL will continue to deploy the capital from its predecessor, ESPF4.

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