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Magnesium Capital closes oversubscribed inaugural fund at €135m hard cap

Magnesium Capital, a private investment firm focused on energy transition buyouts, has held the final close of its inaugural Fund, Magnesium Capital I, at its hard cap of €135m, exceeding the vehicle’s original €100m target.

The final close was held less than a year after the fund’s first close and attracted commitments from institutional investors from the US, Europe and the UK.

Magnesium focuses on profitable European companies with technologies or tech-enabled services that are positively impacting the decarbonisation of the production, distribution and consumption of energy. The team has completed seven platform investments, six follow-on acquisitions and two exits since inception.

Triago served as exclusive global placement agent, Simpson Thacher & Bartlett as legal counsel and PricewaterhouseCoopers as tax advisers.

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