KENFO, the German fund focused on radioactive waste management, has invested in N77 Holdings, LLC, acquiring critical 3.45 GHz spectrum necessary for 5G networks.

Target Information

KENFO, a German fund established under public law, is focused on securing funding for the interim and final storage of radioactive waste generated from nuclear energy usage in Germany. This foundation was created in response to the need for effective waste management arising from the operations of the country’s nuclear power plants. To date, operators of 25 German nuclear facilities have contributed EUR 24.1 billion to the fund, ensuring the necessary financial resources for radioactive waste disposal.

The fund is diversified in its investment strategy, engaging globally in a range of asset classes that include equities, both corporate and government bonds, and illiquid assets such as real estate, infrastructure projects, and private equity ventures. This diverse portfolio not only supports its primary mission but also enhances its investment viability across various sectors.

Industry Overview

The renewable energy sector in Germany is rapidly evolving, characterized by a significant transition from traditional energy sources to sustainable practices. The German government is making substantial investments in renewable energy i