SWEN Capital (SWEN), a European private equity firm with over €7.7bn in AUM, has held the final close of the second vintage of its European infrastructure fund, SWIFT 2, an impact fund dedicated to renewable gas investments at €580m.
The fund raised more than twice its original target, and more than three times the final close of its predecessor fund SWIFT 1.
SWIFT 2, which is an SFDR Article 9(1) impact fund with a sustainable investment objective to promote decarbonisation of the gas sector, has already made around twenty investments and should be fully deployed by the end of 2023.
The fund invests directly in methanisation and biomethane, hydrogen and renewable heat production, and has portfolio companies in 10 European countries, including France, Spain, Netherlands, Italy, Portugal, and the UK, as well as smaller interests in North America. Investment tickets range from €5m to €50m.
