Ver Capital, in partnership with consultancy firm Sinloc, has launched a €200m fund dedicated to energy transition.
The vehicle, named Ver Capital Sinloc Transition Energy Fund, will be managed by Ver with the support of Sinloc, which will act as technical adviser.
The fund expects to reap an 8-10% return.
Sinloc is an Italian consulting and investment firm participated by 10 banking foundations. Since its inception, it has invested around €1.2bn in Italian energy and infrastructure companies to support the development of the local renewables and energy efficiency industries.
Ver is a Italian GP that manages a range of vehicles investing in different asset classes, including private debt, mezzanine and private equity.
The GP recently launched Ver Capital Partners VII, a private debt fund that invests in debt opportunities across Italy, France and Germany. The GP is also managing Ver Capital Credit Partners VI – launched in 2018 – which specialises in loan corporate investments across Italy. In addition, the firm is investing Ver Capital Short Term Fund, a global short-term vehicle primarily dedicated to insurance companies.
Ver also invests in special situations and turnarounds, supporting companies in financial distress that have the potential to recover through an organisational, industrial and financial restructuring.
Ver Capital Sinloc Transition Energy Fund expects to raise capital from a wide range of investors, primarily Italian institutional LPs.
The fund will target the energy transition and renewables segments. It will initially focus on brownfield opportunities, especially in the first two years of its investment period, and subsequently will specialise in greenfield investments.
The fund has already selected a rich pipeline of investments in both fields and expects to make its first deals in the coming months.
Ver Capital – Andrea Pescatori (CEO).
Sinloc – Antonio Rigon (CEO).
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