Herbert Smith Freehills advised Clean Energy Finance Corp on Ellerston 2050 Fund investment
The equity transaction was worth A$50 million
Herbert Smith Freehills (HSF) has advised the Clean Energy Finance Corporation (CEFC) on its investment in the Ellerston 2050 fund.
The open-ended wholesale fund managed by Ellerston Capital will focus on investing in listed and unlisted small to mid-sized companies, which 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.
Fiona Smedley, a partner at HSF, said, "We are delighted to continue supporting CEFC in undertaking its important clean energy investment work. We are proud to be involved in the transaction and to be supporting its innovation and leadership in driving sustainable and energy efficient practices."
Yorick Ng, the senior associate at HSF, added, "Congratulations to CEFC on this important cornerstone investment in the Ellerston 2050 Fund. It marks yet another success for it and a step towards a more sustainable economy, this time through investment in carbon emission reduction technology."
The HSF team has previously advised CEFC across a range of equity investments, including a transforming farming platform managed by Gunn Agri Partners, Adamantem's private equity fund, Macquarie Infrastructure and Real Asset's 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.