Eiffel Investment Group has exceeded the €1 billion ($1.2 billion) initial fundraising target for the third vintage of its energy-transition infrastructure debt strategy, Eiffel Energy Transition III, landing at its hard cap of €1.2 billion ($1.4 billion).
The fund brings together more than 30 leading French and international institutional investors who are committed to supporting European energy sovereignty and competitiveness. Nearly 50 percent of the commitments were reinvestments from subscribers who invested in the first two vintages of the Eiffel Energy Transition program.
Eiffel Energy Transition III will continue the strategy of its predecessors by providing flexible short-term debt to green-energy assets. The vehicle will invest a total of approximately €3 billion ($3.5 billion) during its eight-year lifespan.
“This success confirms the relevance of our offering in response to the unprecedented financing needs for green-energy infrastructure in