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Laxman Pai, Opalesque Asia: Ambienta SGR, a European asset manager entirely focused on environmental sustainability, has raced to a €1.55bn ($1.58bn) hard cap final close for its fourth flagship private equity fund focused on environment-positive businesses.
The sustainability-focused private equity house said in a press release that the fundraising attracted significantly more interest from investors than Ambienta could accommodate from the very start of the fundraising and closed on exactly the date set at the outset.
Ambienta IV is the largest European Private Equity fund ever raised solely focused on companies that enable positive environmental change in their respective sectors, said the company.
According to the release, the fund attracted capital commitments from global leading investors including pension funds, insurance companies, sovereign wealth funds, banks, endowments, foundations, funds of funds, and family offices.
Approximately 55% of the investor support came from EU countries, 20% from other European countries, and the rest from the US, Canada, South America, and Asia. Notably, the fund received strong support from its existing LP base, with re-up demand over 100% of prior commitments.
Nino Tronchetti Provera, Founder and Managing Partner of Ambienta said: "Environmental trends represent the biggest revolution the global economy has ever experienced, which will reshape every single industry for decades ahead. I want to thank all the ...................... To view our full article Click here
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