Equita Green Impact Fund: First Closing of the100 Million Euros Collection

First closing for the Equita Green Impact Fund (EGIF), a segment managed by Equita Capital sgr, the alternative asset management platform controlled by the Equita group, listed on the STAR segment of Euronext Milan, which raised 100 million.

At the end of last February CDP Real Asset sgr, through its FoF (Fund of Funds) Infrastrutture, had approved a 30 million euro investment in Equita Green Impact Fund

Now, CDP Real Asset sgr, with which it shares the role of co-anchor investor, has also been joined by the European Investment Fund (EIF), supported by the InvestEU programme.

Alongside these two institutions, various entities of primary standing have also invested, including some insurance companies and banks. Equita and the Equita Green Impact Fund team also invested, thus aligning their interests with those of investors.

The launch of the Equita Green Impact Fund was announced last June 2023 by the managing director of the asset management company, Matteo Ghilotti, speaking at a meeting with the press to celebrate 50 years since the foundation of the Equita group. The fund’s fundraising objective is between 200 and 250 million euros.

Equita Green Impact Fund’s objective is to support the energy transition in Italy through small-medium sized infrastructure projects, especially greenfield (at least 65%), with a focus on renewables (photovoltaic and wind) and circular economy (biogas and biomethane). It is no coincidence that EGIF is qualified as an art product. 8 of the EU Sustainable Finance Disclosure Regulation (SFDR) relating to sustainability disclosures for financial services.

Andrea Vismara , CEO of the Equita Group, commented: “We welcome the European Investment Fund, CDP Real Asset and all the other institutions that have decided to invest in Equita Green Impact Fund, believing in the initiative right from the start. This first closing is a new and important step, which demonstrates our ability to grow and diversify the Alternative Asset Management offering for the benefit of investors. Equita Capital sgr is growing quickly and today represents one of the few multi-asset managers in Italy active in the asset classes of private debt, private equity and renewable infrastructure, with a mix increasingly concentrated on proprietary illiquid products.”

“The investment in the Equita Green Impact Fund demonstrates the EIF’s commitment to supporting sustainable solutions that not only protect our planet but also contribute attractive investment returns,” added Alessandro Tappi , EIF’s chief investment officer.

Balthazar Cazac, managing partner of Equita Green Impact Fund, concluded: “We are very happy to have successfully achieved the first closing of the fund. Now we will begin to invest the resources available by taking advantage of our extensive network of contacts and benefit from the rich pipeline of projects that the team has built in recent months by selecting interesting opportunities in Italy and Europe.”

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(Featured image by Andreas Gücklhorn via Unsplash)

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First published in Be Beez. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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