The open-ended, wholesale Fund managed by Ellerston Capital will focus on investing in listed and unlisted small to mid-sized companies which actively help reduce carbon emissions in the wider economy. These include companies with low carbon products, technology and services that enable energy efficiency or facilitate the accelerated adoption of low emissions technologies.

The HSF team comprised partner Fiona Smedley and special counsel Yorick Ng.

Fiona Smedley said, “We are delighted to continue supporting the CEFC in undertaking its important clean energy investment work. We are proud to have been involved in this transaction and to be supporting CEFC’s innovation and leadership in driving sustainable and energy efficient practices.”

Yorick Ng added, “Congratulations to the CEFC on this important cornerstone investment in the Ellerston 2050 Fund, which marks yet another success for the CEFC and another step towards a more sustainable economy, this time through an investment in carbon emission reduction technology.”

The Herbert Smith Freehills team has previously advised the CEFC across a range of equity investments, including in a transforming farming platform managed by Gunn Agri Partners, Adamantem’s private equity fund, Macquarie Infrastructure and Real Asset’s infrastructure platform, Mirvac’s build-to-rent club, the Australian Renewables Income Fund, the Morrison & Co Growth Infrastructure Fund and the Investa Commercial Property Fund.