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Terra Firma plans up to $5 billion energy fund: source

Mon, 10/08/2012 - 4:25am
Reuters

LONDON (Reuters) - Terra Firma, the private equity firm led by high-profile dealmaker Guy Hands, is planning a multi-billion dollar fund with a Chinese bank to invest in renewable energy, underscoring its faith in green power despite waning enthusiasm in some markets.

The partners are expected to start raising between $3 and $5 billion in the next few months, with China Development Bank to put an as-yet-undefined amount into the fund, a person familiar with the situation said.

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