Azora launches European Climate Solutions Fund
Fundraising - MAY 4, 2023

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Azora launches European Climate Solutions Fund

by Kali Persall

Azora is launching a new European climate growth strategy to invest in lower middle-market companies that address the decarbonization of real assets. The company recently submitted a request for the registration of its new private equity vehicle, Azora European Climate Solutions Fund, to the Spanish regulator CNMV.

The fund will take a pan-European approach in providing growth capital to lower mid-market businesses based in Europe and provide decarbonization solutions for the real economy. The strategy is centered around the themes of urban solutions, energy solutions and sustainable agriculture. Azora is targeting €250 million ($275 million) of capital commitments to be invested across 10 to 12 portfolio companies, with average ticket sizes ranging between €10 million ($11 million) and €40 million ($44 million).

CBRE is serving as the strategic adviser to Azora and will assist in the identification of opportunities and value-creation strategies.

“The fi

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