Klima Energy Transition Fund (“Klima”), the fund developed by Alantra in collaboration with Enagás, has reached a first closing of more than 80 million euros. This fund has a target size of 150 million euros and has a diversified and high quality investor base, which includes institutional investors, energy companies, public institutions and family offices at its initial closing.
Klima is looking for investment opportunities through the acquisition of minority stakes in companies with high growth potential in sectors of the energy transition such as green hydrogen, biogas, energy efficiency, batteries, sustainable transport or digital solutions for electricity grids.
The fund has an investment team of six professionals based in France, Germany and Spain who together have nearly 40 years of investment experience in the energy sector in Europe. The team is led by Bastien Gambini and Lucille Bonnet, the two Managing Partners.
Bastien Gambini has over 16 years of experience investing in energy and clean technology sectors in Europe and North America. He joined Klima at the end of 2020 from Equinor, where he was Managing Director of its corporate venture capital division in Europe. Previously, he headed the Spanish office of Demeter Partners; a European leader in alternative asset management specialising in clean technologies.
Lucille Bonnet, who has over 11 years of venture capital experience, joined the investment team on 1 June 2021. Before this, she was at the German venture capital firm High-Tech Gründerfonds. Before joining High-Tech Gründerfonds in 2015, she worked for six years for the corporate venture capital division of RWE Innogy, a leader in the German utility sector.
“Klima's first close confirms that investors are drawn to specialised, high value-added products that contribute to combating climate change,” says Jacobo Llanza, CEO of Alantra Asset Management. “The addition of the Klima team, which has a proven track record of investing in the energy sector, puts us in an excellent position to take advantage of the many opportunities we are identifying in this market.”
Marcelino Oreja, CEO of Enagás, said that “Promoting the Klima energy transition fund is an important step forward in Enagás' commitment to decarbonisation and energy transition. Enagás Emprende, Enagás’ Corporate Venturing vehicle, has invested to date in a total of 15 start-ups, seven of which are ideas or projects thought up by Enagás professionals.”