Climate Adaptive Infrastructure (CAI), an investment firm that targets control investments in large-scale, low-carbon real assets in the clean energy, water, and urban infrastructure sectors, has close of its inaugural fund, Climate Adaptive Infrastructure Fund with more than $825 million in equity.

In addition, alongside the Fund, CAI has an affiliated co-investment programme of over $200 million, for a total of over $1 billion in equity to deploy.

The fund attracted an institutional set of global limited partners comprised of endowments, foundations, insurance firms, pensions and superannuation funds, and fund of funds, in addition to prominent family offices and high net worth individuals.

Read more: Private Equity Wire