Mirova, an affiliate of Natixis Investment Managers, has held a €250 million ($286 million) first close for its renewables and energy Eurofideme 4 fund, according to news sources. The firm received commitments from an array of European investors.
The firm seeks to reach €500 million ($572 million) to €700 million ($802 million) for the final fundraising.
The fund will focus investments on the development of energy transition infrastructure, which may include renewable energy production facilities, energy grid or electrical mobility–related investments.
The fund’s predecessor, Mirova Eurofideme 3, closed at €353 million ($403 million) in July 2016. Fund 3 is now fully invested in a diversified portfolio of European infrastructure assets.
