Exus Management Partners has launched a standalone €50m renewable energy investment fund, Exus Partners Energy Fund 1 (EPEF 1).
EPEF 1 will adopt a co-investment, low-risk, diversified approach to the development and acquisition of wind and solar assets in western European markets.
EPEF 1’s investment mandate will target a 70% capital deployment within the Iberian market, with the remainder focusing on “carefully selected” opportunities across Europe.
Exus is closing the first round of fundraising at the end of 2022, drawing on a broad base of non-institutional investors, with the fund’s closing target of €50m expected to be reached by the end of the first half of 2023.
Exus will be actively managing all assets acquired by EPEF 1 and will use its internal expertise to explore potential upsides such as repowering, hybridisation and others.
Luis Adao da Fonseca, Exus Founder and Managing Partner, said: “This is a key strategic project for Exus.
“Working with family and friends, we’ve created a fund that both taps into opportunities in renewables, while mitigating against risk through an opportunistic and diversified approach to projects that present value potential through re-powering, hybridisation, as well as operational improvements.
“In choosing to invest in wind and solar assets, and geographies where we have an intricate understanding of the market, we are confident of delivering consistent and reliable returns to investors, while participating in the critical momentum in the global clean energy journey.”