Paris-based alternative investment firm Anaxago Capital’s first fund dedicated to the decarbonisation of European assets, AxClimat I, made its first investment in Vidia Equity’s oversubscribed Vidia Climate Fund I, which closed last month at its €415m hard cap.
AxClimat I was launched last December and aims for a target size of €100m and a net performance greater than 12% IRR. The fund invests across the industrial, transport, energy, construction and agri-food sectors, aiming for the decarbonisation of industry, the energy transition and the circular economy. According to a press release, its next two investments, at €10m each, have been secured, in a Scandinavian development capital fund and a European infrastructure fund.
Anaxago Capital was founded in 2012 and invests across real estate private equity, venture capital and private debt.
Vidia’s Fund I has already completed two investments in BPM, a leading German mechanical recycling specialist producing regranulates and regrinds from post-industrial plastic waste, and Wierig Group, a leading service player in the market niche of large industrial flat roofs complementing energy-efficient refurbishment with the installation of photovoltaic- and other alternative energy systems.
