Danish listed clean energy investment fund founder and CEO exits

New team at Copenhagen-listed investor

KlimaInvest A/S, the listed Danish clean energy fund with wind farm interests in France, has parted company with its founder and chief executive.

KlimaInvest said Marc Jeilman had stepped down as CEO and sold his 23% holding. KlimaInvest is a closed-end fund listed on the NASDAQ OMX exchange in Copenhagen.

Jeilman’s successor as CEO is Danish investor Jesper Bak, who along with another investor named Thomas Hansen, has acquired Jeilman’s stake. KlimaInvest was founded to invest in carbon futures. It has been trading on the exchange since 2007.

Bak told Responsible Investor that the fund’s strategy changed in 2010 as the market for carbon futures crashed.“The idea was to diversify the strategy by investing in wind parks. We are considering continuing this strategy, but I can’t say more at this point,” Bak said. The wind farm in Brittany comprises three turbines producing 21MW of power.

Jeilman’s umbrella firm is Oresund Capital, a private equity firm that specialises in clean technology. According to him, Oresund is backed by hundreds of investors, including retail investors and institutions including Danish pension funds.

Along with launching KlimaInvest, Jeilman has listed a firm specialising in aqua culture logistics and invested in a brokerage, which, according to Oresund, is a “regulated distribution platform for smaller private placements within alternative energy investments.” Link