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Alantra and Enagás close Klima Energy Transition Fund at €210m hard cap

Alantra and Enagás, through its affiliate Enagás Emprende, have held the final close of their oversubscribed Energy Transition Fund, Klima Energy Transition Fund (Klima), with €210 million in commitments, above the fund’s initial target of €150 million. 

The European Investment Fund, which is a part of the European Investment Bank Group, committed €30 million. Other commitments to the Fund include institutional investors, energy-related companies, public and European institutions, and family offices. 

Alantra and its shareholders, Enagás, and the investment team have made a significant joint commitment of approximately €50 million to the fund.

Klima takes minority stakes in companies with high growth potential in energy transition sectors such as low carbon solutions, smart power grids, energy storage, renewables and enabling technologies, digitalisation of the whole energy equation, energy efficiency in hard-to-abate sectors, and sustainable transportation.

The fund has already completed three investments with diversification in terms of countries and sectors: US power generator Mainspring, Swiss weather forecast predictor Meteomatics, and Swedish decentralised integrated solar company SunRoof.

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