The German Nuclear Waste Management Fund (KENFO) was created in 2017 to manage the funding of the interim and final storage of radioactive waste. Following the Fukushima nuclear disaster, Germany announced it would close its 25 nuclear power plants. The initial capital was provided by Germany’s powerplant operators. The Fund has around US$ 22 billion in funds under management, which is currently managed entirely by 17 specialized asset management companies.
Assets under Management (AuM):
Alternative Assets: 10%
“To ensure the financing of the interim and final storage of radioactive waste arising from the commercial use of nuclear energy to generate electricity in Germany” (Savings Fund)