Power Sustainable, an alternative asset manager, today announced a CAD $200 million commitment for the Power Sustainable Energy Infrastructure partnership (the "Fund"), for a final close of CAD $800 million for Vintage II. This brings the total capital commitment to the Fund to $1.8 billion.
"We are very pleased to announce this final close of $800 million, particularly given current market and fundraising conditions," said Pierre-Olivier Perras, Managing Partner of the Fund. "We are grateful for the continued support of our existing capital partners, and for the confidence shown in our team by new investors."
The Power Sustainable Energy Infrastructure Partnership is led by Pierre-Olivier Perras and John Pires. As Power Sustainable's pure-play renewable energy fund, its investment focus is on equity infrastructure in North America.