Kirkland Advises Climate Adaptive Infrastructure on One of the Largest Inaugural Sector-Focused Fundraises

Kirkland & Ellis advised 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, on the successful close of its inaugural fund, Climate Adaptive Infrastructure Fund LP (the Fund), raising more than $825 million in equity. In addition, alongside the Fund, CAI has an affiliated co-investment program of over $200 million, for a total of over $1 billion in equity to deploy.

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The Kirkland team was led by investment funds partners Paul Watt and Courtney Chen and associates Anna Baxendale, Jacqueline Ting and Ally Relat; tax partners Joel Peters-Fransen and Andrew Chan and associate Ally Nelson; and investment funds regulatory partner Matt Cohen. Also advising were investment funds partner Christopher Braunack and debt finance partner Rohit Chaudhry.