Global asset manager Algebris Investments announced the first close of its first private equity fund, the Algebris Green Transition Fund. The firm said that it aims to raise a total of €400 million for the fund over the next twelve months.
The fund supports the expansion of companies active in key green transition areas including energy transition, circular economy and smart cities and agritech, with a focus on Italian and other European businesses. Investments target companies with proven earnings potential,
The fund invests in opportunities in key green transition themes including energy transition, circular economy, smart cities and agritech, and aims to support companies in these areas through expansion, internationalisation, and consolidation. Companies targeted for investment include those with proven earnings potential, resilient business models and sustainable long-term strategies, with a focus on businesses in Italy and more widely in Europe.
The Green Transition Fund, managed in accordance with Article 9 of the EU Sustainable Finance Disclosure Regulation, is headed by Luca Valerio Camerano, Managing Director at Algebris, along with Investment Director Francesco Becchelli and head of business development energy transition Matteo Tarchi.
“The Algebris Green Transition Fund represents a unique solution to take advantage of the forces that are reshaping the economy, and at the same time, it represents a concrete access to investments related to a more sustainable future. The stakeholders in the market and society demand industrial solutions capable of credibly combining development and sustainability.”