Equita launches asset class targeting the world of renewable energy

(Alliance News) - Equita Group Spa announced Wednesday the launch of a new asset class targeting the world of infrastructure and renewable energy.

"The growth of green investments is a secular trend supported by efforts to combat climate change, increased attention to ESG and sustainability issues, and recent conflicts that have highlighted the need for each country to ensure energy security for citizens and businesses. Europe will be the first to achieve climate-neutrality by 2050, and by 2030 at least about 42 percent of the energy consumed will have to come from sustainable sources," Equita stressed.

Equita's goal is therefore to offer institutional investors access to the world of infrastructure and renewable energy, benefiting from current trends. The new asset class will be managed by a team of industry experts who joined Equita Group during 2023 but have been operating in the market since 2011. The team - led by managing partners Balthazar Cazac, Ludovico Filotto and Nasir Nathoo - boasts heterogeneous skills, capable of handling all the complexities of infrastructure investments, from the project scouting and evaluation phase to the project approval phase, from financing to the management phase.

The team is already at work on the launch of the Equita Green Impact Fund and has initiated a dialogue with a number of potential investors, including possible anchor investors. The strategy of the fund will be to invest in renewables such as photovoltaic, wind and biogas, already established technologies that allow to optimize the risk-return profile. Italy will be the target market but the strategy will also see investments in other European countries such as Sweden, Denmark, Spain and Greece.

Andrea Vismara, managing director of Equita Group, commented, "With this initiative, Equita continues its path of diversification and growth in the world of alternative asset management. This is a further step towards achieving the objectives defined in the Equita 2024 three-year business plan. Once the raising of EGIF is underway, which will be alongside the raising of the third private debt fund and the final closing of Equita Smart Capital - ELTIF, we will be able not only to significantly increase the weight of illiquid assets in the total assets under management but also to diversify our investments geographically and, therefore, strengthen our presence in Europe."

Equita's stock is unchanged at EUR3.79 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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