Shaun Mays, the former chief executive of Deutsche Asset Management’s RREEF Infrastructure Investments, has been appointed chief executive of Climate Change Capital (CCC), as the low carbon-focused investment firm seeks €500 million for its next fund.
Mays has been with CCC as chief investment officer since October 2008 and has been working with incumbent chief executive, Mark Woodall, towards this week’s succession, the firm said in a statement. Mays takes over as chief executive with immediate effect.
During May’s tenure at RREEF Infrastructure Investments, the firm grew its assets under management from €500m to €6.7 billion. Among other positions, May was also chief investment officer for the State Authorities Superannuation Board and Commonwealth Financial Services in Australia.
London-based CCC is currently raising its first traditional private equity fund – targeting €500 million – devoted to the strategy of supporting medium-sized renewable energy projects in the European Union, according to market sources.
The firm has a stable of other funds aiming to take advantage of opportunities arising from the transition to a low carbon economy. Among these are the Ventus VCT funds, which have just over £37 million (€40.2 million; $54.1 million) in capital under management and which target small renewable energy projects in the UK.