Bech-Bruun assists on establishment of two new private equity funds
Over the past ten months Bech-Bruun has assisted Frontier Investment Management in the estab-lishment of private equity fund Frontier Energy II Alpha K/S and the parallel fund Frontier Energy II Beta K/S.
The two funds focus on investment in development, establishment and operation of renewable energy projects in sub-Saharan Africa, and the funds are to perform as successor funds for the DI Frontier Market Energy & Carbon Fund, the establishment of which Bech-Bruun assisted on in 2011. The funds have obtained a total commitment of more than USD 115m from investors in nine countries. The funds expect to complete more closings and aim for a total capital commitment of USD 220m.
Bech-Bruun has assisted Frontier Investment Management throughout the process.