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KGAL floats idea for co-investments in green energy with Nordic "know-how" investors

Despite a surge in the number of capital-raising strategies tied to green power, KGAL business development duo expects renewables to offer sustained opportunities for generating attractive returns as the German manager nears first close of its fifth renewables fund.

KGAL Senior Director of Institutional Business Development for the Nordics Elin Aberg and Head of International Institutional Business Christian Schulte Eistrup | Photo: PR / KGAL

German asset manager KGAL is raising capital for its fifth European renewable energy fund, aiming for EUR 750m.

While the upcoming fund, Enhanced Sustainable Power Fund 5 (ESPF5), is in its preliminary stages, KGAL will continue to deploy the capital from its predecessor, ESPF4.

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OP's AUM growth slows down slightly in Q2

OP Financial Group's mutual funds' AUM increased in Q2, though at a slower pace than in Q1. For the first half year of 2021 as a whole, the bank's mutual funds have attracted more than 100,000 new unitholders.

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