Sustainable Finance

HSF Advised Clean Energy Finance Corporation on A$50 Million Investment in Ellerston 2050 Fund

Published on: 3 August 2022 05:30 PM
by KnowESG
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Herbert Smith Freehills (HSF) has advised the Clean Energy Finance Corporation (CEFC) on its A$ 50 million equity investment in the Ellerston 2050 Fund (Fund).

The open-ended wholesale fund managed by Ellerston Capital will prioritise investments in listed and unlisted small-to-mid-sized businesses that actively contribute to reducing carbon emissions across the economy. 

Companies with low-carbon products, technologies, and services that promote energy efficiency or accelerate the adoption of low-emission technologies are included.

The HSF team comprised partner Fiona Smedley and special counsel Yorick Ng.

Fiona Smedley said: 

“We are delighted to continue supporting the CEFC in undertaking its important clean energy investment work. We are proud to have been involved in this transaction and to be supporting CEFC’s innovation and leadership in driving sustainable and energy efficient practices.”

Yorick Ng added: 

“Congratulations to the CEFC on this important cornerstone investment in the Ellerston 2050 Fund, which marks yet another success for the CEFC and another step towards a more sustainable economy, this time through an investment in carbon emission reduction technology.”

The Herbert Smith Freehills team has previously advised the CEFC on a variety of equity investments, including investments in a transforming farming platform managed by Gunn Agri Partners, Adamantem's private equity fund, Macquarie Infrastructure and Real Assets' infrastructure platform, Mirvac's build-to-rent club, the Australian Renewables Income Fund, the Morrison & Co Growth Infrastructure Fund, and the Investa Commercial Property Fund.

Source: Mirage News

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