June 23, 2024

Tullio Corradini

Trusted Legal Source

Herbert Smith Freehills has advised the Clean Energy Finance Corporation on am investment in the Ellerston 2050 fund

Herbert Smith Freehills has advised the Clean Energy Finance Corporation on a$50m investment in the Ellerston 2050 fund

The open-ended, wholesale Fund managed by Ellerston Cash will focus on investing in mentioned and unlisted modest to mid-sized organizations which actively support decrease carbon emissions in the wider overall economy. These incorporate providers with lower carbon goods, technological know-how and companies that enable strength performance or facilitate the accelerated adoption of lower emissions systems.

The HSF staff comprised partner Fiona Smedley and specific counsel Yorick Ng.

Fiona Smedley mentioned, “We are delighted to keep on supporting the CEFC in undertaking its vital thoroughly clean energy expenditure do the job. We are happy to have been concerned in this transaction and to be supporting CEFC’s innovation and management in driving sustainable and vitality productive methods.”

Yorick Ng additional, “Congratulations to the CEFC on this important cornerstone investment decision in the Ellerston 2050 Fund, which marks but a different success for the CEFC and yet another step toward a much more sustainable economic system, this time by way of an financial commitment in carbon emission reduction technological know-how.”

The Herbert Smith Freehills group has formerly recommended the CEFC throughout a assortment of equity investments, such as in a transforming farming system managed by Gunn Agri Associates, Adamantem’s non-public equity fund, Macquarie Infrastructure and Serious Asset’s infrastructure platform, Mirvac’s establish-to-lease club, the Australian Renewables Income Fund, the Morrison & Co Expansion Infrastructure Fund and the Investa Professional Residence Fund.