Sosteneo Infrastructure Partners, a fund manager focused on clean energy infrastructure and part of Generali Investments, has achieved final close of its first flagship fund and has launched a follow-up vehicle.
Sosteneo Clean Energy Infrastructure Fund has raised more than €620m, alongside €80m in co-investment capital, and more than two thirds of the portfolio is now operational.
The fund was anchored by a cornerstone investment from Generali Investments and attracted third-party investors including a European pension fund, a foundation, a private bank, and several family offices and high-net-worth individuals.
Sosteneo has launched a second fund, Sosteneo Clean Energy Infrastructure Fund II, which is also anchored by Generali Investments.
The new fund is targeting €1bn in commitments and maintains a strategy of investing in high-impact, construction-ready clean-energy infrastructure assets in Europe.
Sosteneo said the final close of the first fund and the launch of second have brought total assets under management to more than €1bn.
Over the past two years, the firm has executed eight transactions spanning 35 individual projects, with a focus on battery energy storage systems.
Umberto Tamburrino, managing partner and CEO of Sosteneo, said: “The successful close of Fund I and launch of Fund II reflects the trust our clients place in our ability to deliver. We are proud of the pace and quality of deployment thus far, and Fund II represents a continuation of our proven investment approach.”
Chris Deves, a Sosteneo partner and head of investor relations, added: “Today’s milestone reflects the growing traction for the Sosteneo platform. Fund II builds on the success of Fund I, showcasing the strength of our strategy and our ability to attract a diverse and expanding client base. With a clear focus on the European market, Fund II aims to deliver consistent performance through disciplined deployment of capital into high-quality clean-energy infrastructure.
“We are delivering a solution that aligns with institutional investors’ expectations for infrastructure’s role in the portfolio, and we’re grateful to our clients for their continued trust and partnership.”
To read the latest IPE Real Assets magazine click here.
