Eurazeo has held the first close of the Eurazeo Transition Infrastructure Fund (ETIF) at €210 million in capital commitments from the European Investment Fund (EIF), which has made a cornerstone €75 million investment, and a range of other institutional investors.
To date, the fund has made three investments in three different sector across three countries.
The objective of the fund is to invest in transition infrastructure, including the energy transition, the digital transition, clean transport, and circular economy. The fund is classified as an Article 9 fund under the European Sustainable Finance Disclosure Regulation (SFDR).
EIF’s investment is backed by the European Investment Bank and InvestEU, which helps generate additional funding in key European priorities such as the green transition. In addition to Eurazeo’s commitment of €100 million, several institutional investors have made commitments to the fund.
The three sustainable infrastructure companies backed so far are: Ikaros Solar, a Belgian rooftop solar developer; Resource, a joint venture to develop a plastic waste sorting plant in Denmark; and Electra, a French headquartered electric vehicle charging point operator.
