Alantra holds €80m first close for energy transition fund

The vehicle, which was launched in partnership with energy company Enagas, has a €150m target.

Klima will be managed by a team composed of six professionals based in France, Germany and Spain, led by managing directors Bastien Gambini and Lucille Bonnet.

"Klima's first close is a testament to the strong interest of investors for highly specialised and value-added products that can contribute to tackling climate change," said Jacobo Llanza, CEO of Alantra. "The addition of the Klima investment team, which has a proven track investment record in the energy sector, puts us in a privileged position to take advantage of the numerous opportunities we are identifying in this segment."

Investors
The fund received commitments from a diversified investor base, comprised of institutional investors, energy companies, public institutions and family offices.

Enagás supported the project with a €30m commitment, in addition to providing technical expertise. The firm has previously backed the cleantech industry through its corporate venture programme Enagás Emprende, which has funded 12 startups operating in the energy storage, sustainable mobility, biogas, hydrogen, 4.0 industry and energy efficiency sectors.

Alantra and the fund's investment team also made a significant commitment to the vehicle.

Investments
Klima will invest in Europe and North America, targeting innovative, fast-growing companies that aim at accelerating energy transition.

The fund will acquire minority stakes in companies operating in the low carbon gases, smart power grids, energy storage, renewable technologies, digitalisation, and sustainable transportation sectors.

People
Klima – Bastien Gambini, Lucille Bonnet (managing directors).

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