CMC Capital Raises $136 Million for Its First Carbon-Neutral Fund

What’s new: CMC Capital’s first carbon-neutral equity investment fund reached its 1 billion yuan ($136 million) fundraising target, the Chinese private equity firm said Thursday.

The Huawen Clear Energy Fund I will focus on new-energy sectors such as lithium batteries, photovoltaics, hydrogen energy, LNG and weak links in the industrial chain such as core components, upstream new materials and high-end equipment, CMC Capital said.