Annycent Preps $500M Fund Raise for Renewable Energy Aggregation Fund Targeting Emerging Markets

Milltrust has been appointed to partner with Annycent Capital on its upcoming $500 million Renewable Energy Fund raise. The fund aims to aggregate low-volatility, cash-yielding renewable energy assets in emerging markets such as Southeast Asia, Sub-Saharan Africa, and the MENA region. A major sovereign wealth fund has already committed up to 100 million USD of funding for the fund.

Targeting unique opportunities in wind, hydro, and solar projects, the innovative fund is designed for stability and predictability, promising over 20% gross IRR and 10%+ cash dividends, supported by government-backed revenues.

With a strategic focus on a diversified and de-risked portfolio, the fund’s 12-year lifespan is set to capitalise on the substantial growth potential and accelerating demand for sustainable and impact investments in renewable infrastructure.

The fund is led by a seasoned team with decades of combined experience in renewable energy investments, having previously pioneered significant projects and funds in similar markets, ensuring expert navigation through the complexities of emerging market investments.