CVI Clean Energy Fund’s $490 Million Fundraising

Schulte Roth & Zabel LLP represented CarVal Investors in the transaction

CarVal Investors raised $490 million in total capital commitments for CVI Clean Energy Fund (“CEF”), exceeding its initial target size of $250 million. CEF is focused on credit and hard-asset investments in the clean energy sector and is a continuation of CarVal’s platform for renewable energy private debt transactions. CarVal Investors, an established global alternative investment manager focused on distressed and credit-intensive assets and market inefficiencies, has invested over $2 billion in clean energy since 2017.

CarVal Investors has approximately $10 billion in assets under management in corporate securities, loan portfolios, structured credit and hard assets.

The Schulte team advising CarVal was led by investment management partner David Nissenbaum (Picture) and tax partners David Griffel and David Passey. The team also included investment management associates Tracy Rizk and Alexis Marion and law clerk Bojun Xu; tax partner Philippe Benedict and special counsel Christine Harlow; finance & derivatives partner Daniel Oshinsky and of counsel Ronald Risdon; employment & employee benefits partner David Cohen; and bank regulatory partner Joseph Vitale.

Involved fees earner: Philippe Benedict – Schulte Roth & Zabel; David Cohen – Schulte Roth & Zabel; David Griffel – Schulte Roth & Zabel; Christine Harlow – Schulte Roth & Zabel; Alexis Marion – Schulte Roth & Zabel; David Nissenbaum – Schulte Roth & Zabel; Daniel Oshinsky – Schulte Roth & Zabel; David Passey – Schulte Roth & Zabel; Ronald Risdon – Schulte Roth & Zabel; Tracy Rizk – Schulte Roth & Zabel; Joseph Vitale – Schulte Roth & Zabel;

Law Firms: Schulte Roth & Zabel;

Clients: CarVal Investors;

Author: Martina Bellini