Schulte Roth & Zabel (Schulte) advised AB CarVal (AB) on the final closing of their $1.5 billion ‘CVI Clean Energy Fund II.’ This is AB’s second clean energy fund and the first they have closed since being acquired by Alliance Bernstein in 2022.
The fund is a part of AB’s ongoing platform for private debt transactions in the renewable energy debt markets and is focused primarily on credit and hard-asset clean energy investments in North America and Europe. For this fund, AB received commitments from new and existing funders across corporate pension funds, sovereign wealth funds, private banks, endowments, foundations, funds of funds, family offices and high net worth individuals.
The Schulte team was led by partners David Nissenbaum and David Griffel and special counsel Jill Guzzetti. Schulte partners David Cohen, Anna Maleva-Otto and Leonora Shalet, special counsel Ariele Cohen, and associates Kevin Smith, Jacob Gach, Matthew Schwartz and David Soerensen also advised on the matter.