Eiffel Investment Group, an alternative investor and asset manager based in Paris, has launched the third vintage of its Eiffel Energy Transition infrastructure debt program and completed an initial closing of €500 million ($533 million).
Eiffel Energy Transition III is now halfway to its fundraising target of €1 billion ($1.1 billion), garnering around 20 large French and international institutional investors, with nearly 50 percent being re-ups.
Established in 2017 with the support of the European Investment Bank and ADEME through the Future Investment Program (Programme d’Investissement d’Avenir — PIA3), now integrated into France 2030 and aimed at financing the construction of green energy production assets and energy-efficiency installations, the Eiffel Energy Transition program has invested approximately €2 billion ($2.1 billion) during the past seven years to finance more than 3,000 renewable-energy and energy-efficiency assets, representing a decarb
