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.
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Shaun Mays |
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.
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