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Ellerston 2050 Fund receives $50m investment
A company that helps organisations reduce their carbon emissions has received a $50 million injection from the Clean Energy Finance Corporation.
Lauren Croft
Firm: Herbert Smith Freehills (Clean Energy Finance Corporation)
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Deal: Herbert Smith Freehills has advised the Clean Energy Finance Corporation (CEFC) on its $50 million equity investment in the Ellerston 2050 Fund (Fund).
Value: $50 million
Area: Equity
Key players: The HSF team comprised partner Fiona Smedley and special counsel Yorick Ng.
Deal significance: The open-ended, wholesale Fund managed by Ellerston Capital will focus on investing in listed and unlisted small- to mid-sized companies that actively help reduce carbon emissions in the wider economy. These include companies with low-carbon products, technology and services that enable energy efficiency or facilitate the accelerated adoption of low emissions technologies.
Commenting on the deal, Ms Smedley said the firm was “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,” she said.
