Climate Adaptive Infrastructure (CAI), an investment firm that targets control investments in large-scale, low-carbon real assets in the clean energy, water, and urban infrastructure sectors, has close of its inaugural fund, Climate Adaptive Infrastructure Fund with more than $825 million in equity.
In addition, alongside the Fund, CAI has an affiliated co-investment programme of over $200 million, for a total of over $1 billion in equity to deploy.
The fund attracted an institutional set of global limited partners comprised of endowments, foundations, insurance firms, pensions and superannuation funds, and fund of funds, in addition to prominent family offices and high net worth individuals.
CAI is led by Founder & Managing Partner Bill Green and a deeply experienced team of professionals who have dedicated their careers to sustainable infrastructure investment, asset operations, and policy in the energy and environmental sectors.
To date, CAI has deployed 39% of the fund across three investments – 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 leading US. developer of low-impact hydropower generation and pumped-hydro energy storage.
