Eurazeo has so far raised €420m for its transition infrastructure investment fund.

The manager said the Eurazeo Transition Infrastructure Fund (ETIF), which raised an initial €210m in November last year, has now doubled in size, reaching 80% of its initial target.

Eurazeo said the latest close was backed by a diverse investor base, including global institutional investors and capital from both dedicated infrastructure allocations and EU Sustainable Finance Disclosure Regulation Article 9 funds.

As previously reported, the European Investment Fund (EIF) was among the investors to participate in the fund’s first close. 

Quantafuel Esbjerg Aps

ETIF has a partnership with recycling specialist Quantafuel to develop a plastic waste sorting plant in Denmark

Last month, ETIF invested in European data centre company Etix Everywhere. The fund’s portfolio includes Ikaros Solar, a Belgian rooftop solar developer; Resource, a joint venture to develop a plastic waste sorting plant in Denmark; and Electra, an electric vehicle charging point operator with its headquarters in France. 

Elise Dupuy Vaudour, COO of Eurazeo infrastructure, said: “We would like to thank our investors who have entrusted us to invest sustainably across the transition infrastructure space through Eurazeo Transition Infrastructure Fund.

“With them, we believe we are well positioned to deliver on ETIF’s ambition to support the transition to a low-carbon economy with performing sustainable infrastructure investments.”

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