After winding down most of the Japan-focused Renewable Fund 1, which has returned a remarkable 55% p.a. to investors to date, MAIORA AM successfully launched its Renewable Fund 2, with a focus on utility-scale solar developments in Taiwan. Next to the majority of its investors in the Japan Fund, MRF2 has also attracted substantial investments from 2 family offices. The fund provides early-stage development capital and has a target return of 3 to 4 times money over 4 to 5 years.

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Moving from the Japan fund to early-stage solar development in Taiwan seems to make the timing of exits especially important. The target of tripling or quadrupling capital over four to five years leaves little room for delays. Does that target assume selling projects once they are ready to build, or holding them through construction and into operation?
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