Eiffel Investment Group closes Eiffel Gas Vert fund at EUR210mn

Eiffel Investment Group, a specialist in the financing of companies, announces today the final closing of its Eiffel Gaz Vert fund, at EUR210 million, above of its initial target size of EUR200 million.

Eiffel Gaz Vert is the main European fund dedicated to renewable gas. Eiffel Gaz Vert will support the promoters of gas production and distribution projects renewable by providing them with financing solutions. Composed of experts in energy and renewable gas transition, the Eiffel Gaz Vert team is able to meet the needs of all renewable gas sectors. Focused primarily on the territorial methanization, the Fund can intervene in all forms of production, distribution, use of renewable gas: agricultural methanization, methanization collective, landfill biogas, pyrogasification, hydrogen, power-to-gas, bioCO2 and methanation, etc.

To support project leaders in an agile and efficient manner, Eiffel Gaz Vert intervenes on a variety of investment horizons and at all stages of development. The funds can invest in capital and quasi-capital, in a minority logic, and sometimes even in bonds. Thanks to this flexibility and the expertise of its teams, who are able to understand the challenges of these highly technical projects, Eiffel Gaz Vert supports the rapid launch of projects, their construction and commissioning and facilitate the intervention of banks. The fund, which intervenes in a logic of minority support, allows project leaders to preserve their independence. In doing so, Eiffel Gaz Vert accelerates the deployment of renewable gas projects.

Demonstrating the attractiveness of the theme, Eiffel Gaz Vert raised a total of EUR210 million, above its initial target size of EUR200 million. The Fund received the support of 9 investors committed to the energy transition and the development of sectors and territories that are the Banque des Territoires, GRTgaz, the European Investment Bank, ADEME Investment, Société Générale Assurances, Assurances du Crédit Mutuel, ProBTP and SMA BTP, alongside Eiffel Investment Group. It adopts a demanding ESG approach. The compensation variable of the team and the management company (carried interest) is subject to the achievement of impact goals. This carried interest will only be received in full if the ESG objectives set are achieved.

Reflecting the adequacy of Eiffel Gaz Vert with market needs, the fund will have soon finalized the financing of its eighth operation in less than a year through the deployment of EUR50 million of investment. The diversity of projects funded, both in terms of their size and in terms of the subjects addressed, is revealing the depth of this booming market, of which Eiffel Investment Group aims to represent a significant share.