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Impax closes its largest private markets infrastructure fund to date at €459m
Fundraising - MAY 22, 2024

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Impax closes its largest private markets infrastructure fund to date at €459m

by Kali Persall

Impax Asset Management, a specialist asset manager investing in the transition to a more sustainable economy, has closed its fourth private markets infrastructure fund, Impax New Energy Investors IV (NEF IV), at €459 million ($498 million). This was the team’s largest fund raise to date.

NEF IV’s investor base was composed of a geographically diverse mix of institutional investors, including pension funds, sovereign wealth funds, insurance companies, asset managers and family offices.

NEF IV has a diversified Pan-European portfolio with select U.S. exposure. As a value-add, renewable-energy sector specialist, the fund targets investments in commercially proven technologies such as onshore wind, solar PV and small-scale hydropower. It also selectively makes investments in adjacent sectors, including decentralized generation and energy efficiency.

The fund’s portfolio consists of 10 platform investments, diversified across six countries and five technologi

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