Crestbridge has provided a range of administrative services to support the launch of the Energy Transition Europe fund by Energy Transition International Capital (ETIC).
The fund achieved a first closing of €55m, with a total fundraising target of €200m.
With a focus on infrastructure projects supporting energy transition and renewable energy innovation, the fund has been granted Greenfin label status and aims to position itself as a flagship vehicle in the European energy and sustainable finance space.
Established as a Reserved Alternative Investment Fund (RAIF) in Luxembourg, Crestbridge’s team in Luxembourg is providing a full range of administrative services to the fund, including accounting, reporting and compliance services.
Crestbridge was granted its fund administration licence in Luxembourg in 2019, complementing its existing manco platform.