Investment manager Azora is seeking to launch a €250m (£220m) private equity fund to invest in businesses seeking to decarbonise real assets.
The fund will take a pan-European approach in providing growth capital to lower mid-market businesses that are based in Europe and provide decarbonisation solutions for the real economy.
The strategy for the fund is centered around three key themes: urban solutions, energy solutions and sustainable agriculture.
Azora is targeting €250m of capital commitments to be invested across 10-12 portfolio companies, with average ticket sizes ranging between €10m-40m.
The group expects to leverage its €6.5bn platform to identify businesses in a proprietary way and accelerate their growth within the broader Azora portfolio.
CBRE is acting as strategic adviser to Azora and will utilise its European platform to further expand its pipeline for investment.
Santiago Olivares, managing partner of Azora’s energy, infrastructure and sustainability practice, said: “The fight against climate change has created a historic investment opportunity to provide capital for companies that provide a solution towards decarbonising the real economy.
“With the launch of this strategy, we want to provide our investors with the opportunity to benefit from a strong and secular tailwind and believe our strategy offers a compelling proposition given our intention is to boost the growth of these businesses through both Azora and CBRE’s portfolio.”
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