The European Investment Fund (EIF), the arm of the European Investment Bank Group (EIB Group) specialised in equity investments in small and medium firms (SMEs) and mid-caps, has pledged €70 million to Alantra’s next energy transition growth fund Klima Energy Fund II (“Klima2”).
Klima2 will focus on scaling technologies critical to Europe’s energy transition and will invest in a portfolio of about twelve fast-growing companies across the continent. It will continue the strategy successfully implemented by Klima1, which also counted with the support of EIF as a major investor.
This commitment reinforces Alantra and EIF’s longstanding relationship and shared commitment to investing in Europe’s energy transition, supporting high-growth and innovative businesses that strengthen the continent’s industrial fabric, drive competitiveness, and advance the transition toward a more sustainable and resilient future.
Building on its first fund vintage, Klima2 will seek to deploy €10mn to €30mn investment tickets into established businesses with proven technologies and strong growth potential, typically through B2B models in areas such as clean energy generation, energy markets, grid and storage infrastructure, energy efficiency and sustainable transport. The fund will leverage the Klima team’s extensive pan-European experience in energy investments and its network of sector and operational partners across the energy transition ecosystem.
Marco Marrone, EIF Chief Investment Officer said: “Through this investment in Klima2 fund, the EIF is fostering innovation to accelerate the transition towards a clean energy system and low-carbon economy in Europe. We look forward to reinforcing our successful cooperation with Alantra to keep nurturing and supporting the vibrant European ecosystem of greentech companies.”
Bastien Gambini, Managing Partner of Alantra’s Energy Transition growth fund, Klima, added: “EIF’s continued support is a strong endorsement of the strategy we have built with Klima1 and the impact achieved to date. As we prepare Klima2, we look forward to building on this relationship to support the next wave of European innovators leading the energy transition.”
Klima2 will be classified as an Article 9 fund under the SFDR, and will focus on investments that deliver measurable positive environmental outcomes while supporting sound financial growth of innovative leaders in the low-carbon economy.
Klima is part of Alantra Asset Management, which manages €16.9bn in direct and indirect investments across private and listed companies in the European mid-market. The firm combines active management with an entrepreneurial approach and, through its pan-European multi-strategy platform, offers clients access to five alternative asset classes: private equity, active funds, private debt, energy, and venture capital, in addition to co-investments, fund-of-funds, and secondary transactions in private equity and infrastructure through its strategic partners.
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