Alantra launches €150m energy transition fund

The fund, named Clima Energy Transition Fund, will be managed by a new investment company, which is 70% controlled by Alantra and 30% by Enagas and will be integrated into Alantra's alternative asset management division.

The fund's management team will be composed of professionals with international background that combine technical know-how and asset management expertise.

Enagas is a Spanish energy infrastructure specialist. It has experience in developing startups in the cleantech space through its corporate venture program Enagas Emprende, which has already funded 12 startups operating in energy storage, sustainable mobility, biogas, hydrogen, Industry 4.0 and energy efficiency.

Jacobo Llanza, CEO of Alantra, said in a statement that the launch would contribute to the firm's strategic objective of bolstering its credentials in the alternative asset management industry in Europe, by increasing diversification and global exposure.

Investors
Enagas will contribute at least €20m, in addition to providing technical and sector expertise. Alantra will also commit capital to the new vehicle. In addition, the fund's LP base will be composed of Spanish and international institutional investors and family offices.

Investments
Clima Energy Transition Fund will acquire minority stakes in late- and growth-stage companies operating in the green hydrogen, biogas, energy efficiency, decarbonisation, sustainable mobility and digitalisation for energy transition segments.

People
Alantra Asset Management – Jacobo Llanza (CEO).

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