Qualitas Energy closed one of the biggest renewable energy funds in Europe and the biggest private markets fund in Spain.
Qualitas Energy’s flagship Q-Energy Fund V, with an initial target size of €1.6bn, was oversubscribed at close to €2.4bn, over the €2.3bn hard cap.
Commitments to the fund span over 800 investors globally, with nearly full re-ups from previous investors, and above-market standard participation from the management team as well.
The fund’s investment strategy targets renewable energy assets in operation and under development, including assets with repowering potential, and other infrastructure projects enabling the energy transition, mainly located in Europe.
Specifically in Germany, the firm expects to expand its portfolio to over 6GW of capacity within the next few years.
In addition, QE V has already facilitated entry into the Americas by acquiring a run-of-the river hydro plant and a solar PV portfolio in Chile, allowing the team to inaugurate a new office in Santiago.
Iñigo Olaguibel, Founding Partner & CEO of Qualitas Energy, said: “We take great pride in successfully concluding one of the largest investment funds focused solely on renewable assets in Europe, and the largest ever private capital funds in Spain’s history.
“This achievement stands as a remarkable milestone not only for our company, but also for the global community, enabling us to expedite the transition towards sustainable energy solutions.
“With deep gratitude, I extend my thanks to our steadfast investors, both longstanding partners of over 17 years, and to those who have recently joined us on this endeavour of consistent outperformance.”