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Lightrock Fuels Asia & Africa Clean Energy Drive
15 May
Summary
- Lightrock has launched a new $500 million fund.
- The fund will back clean energy businesses in Asia and Africa.
- Investments range from $10 million to $50 million per company.
Lightrock, a private equity firm originating from Liechtenstein's LGT Group, has successfully raised a substantial $500 million. This new fund, named "Accelerate7," is specifically earmarked to support businesses that are working to expand access to clean and affordable energy. The geographic focus for these investments is primarily on the burgeoning markets of Asia and Africa.
The "Accelerate7" fund is designed to make growth-stage investments, with each company potentially receiving between $10 million and $50 million. This strategic allocation aims to bolster businesses that are already demonstrating traction and are ready for significant expansion, thereby accelerating the transition to sustainable energy solutions in developing economies.
