Vidia Equity (Vidia), a thematic private investment firm focused on industrial decarbonisation climate solutions, has held the final close of its inaugural fund Vidia Climate Fund I (Fund I) at its hard cap of €415m.
According to a statement, the oversubscribed fund will “target superior financial returns and positive climate impact by investing in mid-market solutions within three key climate themes: industrial materials, electrification and circular economy.”
Vidia will focus on emission reductions in five of the most emission-intensive sectors: energy, industrials, transportation, buildings and food & agriculture.
The fund is classified as Article 9 under the Sustainable Finance Disclosure Regulation (SFDR).
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.
