PE Firm Lightrock Raises $500 Million for New Clean Energy Fund

Private equity firm Lightrock, which was spun out from Liechtenstein’s LGT Group, has raised a new $500 million fund to back businesses advancing access to affordable and clean energy in Asia and Africa.

Lightrock’s Accelerate7 will invest $10 million to $50 million in growth-stage companies across Sub-Saharan Africa, South Asia and Southeast Asia, according to a statement reviewed by Bloomberg News.