Davis Polk partner and Infrastructure Finance practice co-head David Penna discussed how the shift from fossil fuels to renewable energy has provided a boost for private equity fundraising with Bloomberg Law.

The article notes that the energy shift has become attractive for investors due to tax incentives, the public’s push for solutions to climate change and technological advancements.

“A lot of these funds have gotten so big that they’re really looking to deploy capital at scale,” David explained. “If you’re an LP and someone said you can invest in a fund that’s going to do climate technology and ESG for projects—or another that’s going to do just private equity—there’s some incentive to choose the former.”

“Energy Transition Boom Aids Lawyers During Private Equity Slump,” Bloomberg Law (July 2, 2024) (subscription required) 

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