French investor RGreen Invest has entered into a strategic partnership with Armen, securing first investment from Armen’s newly launched fund, which closed at €150m.
The minority investment will represent up to 15% of the management company’s capital by 2024.
The transaction remains subject to approval by Autorité des Marchés Financiers (the French financial regulator).
Founded in 2013 by Nicolas Rochon, RGreen Invest is a B Corp certified investment company and one of the first private capital investors into the European energy transition.
RGreen Invest will benefit from the operational support and experience of Armen, with the aim of increasing the company’s assets under management (AuM) five-fold by 2030.
This fund raising will enable RGreen Invest to drive further growth by “strengthening its team and enhancing its ability to serve its growing investor base”.
Nicolas Rochon, President and Founder of RGreen Invest, said: “There is an urgent need to accelerate the financing of the energy transition and the fight against climate change.
“Armen is the ideal partner to help scale up our company and achieve this.
“We share a common vision of the role of finance in our societies, reflected in our shared purpose as mission-driven companies.
“Armen’s extensive experience in the world of private capital will be critical for the next stage of our development, working with us just as we work with the entrepreneurs we back.”
Dominique Gaillard, Chairman of Armen, said: “RGreen Invest is an ambitious company with all of the attributes of a sustainable and high-performing investment firm.
“We were convinced by the quality of the team, their ambition, and their investment strategy, which answers to the industry’s critical funding needs in the fight against climate change.”