COPENHAGEN, DENMARK – March 3, 2025. Glentra Fund I completed its third close in February bringing total commitments to EUR 540m from institutional investors across the Nordics, US, and Canada.
Final close is set for June 2025 with total commitments expected to reach the targeted fund size of EUR 750m. Glentra started its international fund raise in March 2024 with strong reception from both European and North American investors, its primary markets.
“Reaching investor commitments of EUR 540m in less than a year since the start of our international fund raise in March 2024 is a testament to the strength of the Glentra team and the attractive investment opportunity in mid-market, valueadd, decarbonizing energy transition infrastructure. We are grateful for the trust shown by our Nordic, American, and Canadian investors”, said Steen Lønberg, Glentra Partner and Head of Capital Formation and IR.
To date Glentra has deployed approx. EUR 325m (60%) of Fund I commitments and EUR 200m of LP co-investment capital into four companies across Europe and the US that deliver market innovative and cost-competitive infrastructure solutions for decarbonizing industries and societies. The Glentra Fund I portfolio currently consists of:
“Glentra’s investments are well positioned to benefit from current and long-term market needs for low-cost, reliable, and fast to deploy energy infrastructure to satisfy increasing volumes of demand and decarbonizing objectives. The investments provide customer centric infrastructure solutions across power generation, storage, transmission, and electrification of heat and transport. Investment opportunities are compelling in the mid-cap segment where companies are seeking capital to scale from competent partners with a strong track record”, said Henrik Tordrup, Glentra Managing Partner and Head of the Investment Team.
About Glentra Capital
Glentra Capital was established in 2022 by senior executives with experience from the European and US energy industry in cooperation with investors Novo Holdings and PKA Pension.
Glentra Fund I was launched in 2023 and is a mid-market, value add, energy transition infrastructure fund investing in decarbonizing infrastructure primarily though market innovative companies. Technologies/asset types include power generation, transmission, energy storage, electrification of heat and transport, carbon storage, and energy efficiency and services. Glentra Fund I typically invests EUR 75-250m and generally takes controlling majority positions.
Large and growing demand for cost-efficient decarbonization solutions creates significant investment opportunities across companies that generate, integrate, and service energy transition infrastructure. Leveraging its capital and industrial and financial track record, Glentra creates value by helping management teams capitalize platforms for infrastructure roll-out and growth through de-risking and financing projects, scaling businesses, and building competent teams.
Glentra has twenty employees and offices in Copenhagen, London, and New York.
Contact
Steen Lønberg, Partner
Phone (switchboard): +45 53 55 10 10
info@glentra.com
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