Green Transition Fund

Algebris Green Transition Fund closes latest fundraising round, reaching €320 million

  • With this round, the Fund exceeds its funding target of €300m and is now preparing for its final close in July 2024
  • To date, the Fund has made three key investments towards the energy and environmental transition

Milan, 29 April 2024 – The Algebris Green Transition Fund (the ‘Fund’) continues to expand, raising almost €60 million in the latest fundraising round, surpassing the ambitious initial funding target of €300 million to reach an overall size of approximately €320 million. This milestone has been achieved with the support of major national and international institutional investors. The Fund now aims to increase its funding until the end of the subscription period, which expires in July 2024.

To date, Algebris Investments’ first private equity fund has made three strategic investments: Omnisyst, a leading innovator in industrial waste management; Datek22, the first company to join the new Aquanexa platform, specialising in water network modelling and monitoring services; and Esapro, a provider of EPC and O&M solutions for photovoltaic plants, with a focus on the industrial sector.

These acquisitions reflect the Fund’s targeted approach to investing in successful companies working towards the global energy transition, circular economy and enabling technologies for sustainable cities and agriculture. These investments are in line with Article 9 of the SFDR and demonstrate the Fund’s focus on strategic sectors amid scarcity and the evolving regulatory environment.

Luca Valerio Camerano, Managing Director and Senior Partner of Algebris Green Transition Fund, commented: “We are delighted to have already exceeded our funding target, attracting investors who share our vision to support the energy and environmental transition. Our approach intends to catalyse the growth and development of companies within our investment scope. The quality and progress of our investments makes them well positioned to play their part in evolving our economy, helping to place it on a sustainable footing for the future while offering attractive potential investment returns.”