• €400M Anchor Commitment: BNP Paribas Group anchors the fund with €400M, aiming to attract institutional investors like insurers and pension funds.
• Focus on Energy Transition: The fund targets clean energy, sustainable mobility, and circular economy projects across Europe, including batteries, hydrogen, and carbon capture.
• Two Investments Secured: Already invested in renewable energy projects in Italy and France, supporting solar, wind, and rooftop photovoltaic solutions.

BNP Paribas Asset Management (BNPP AM) has launched its first infrastructure private equity fund, the BNP Paribas Low Carbon Transition Infra Equity Fund I, targeting €750M to advance Europe’s energy transition. Backed by a €400M anchor commitment from the BNP Paribas Group, the fund aims to build a diversified portfolio of 8-12 equity investments in mid-market capital-intensive infrastructure projects.

Strategic Focus:

The fund invests in clean energy, sustainable mobility, and circular economy projects, with a focus on emerging sectors like batteries, hydrogen, and carbon capture. It leverages BNP Paribas’ network and expertise, particularly its Low Carbon Transition Group.

Related Article: BNP Paribas AM and Mirova Invest Over €200M in French Renewables Leader Arkolia

Karen Azoulay, Head of Real Assets at BNPP AM, highlights:

“With a proven track record in low carbon solutions and strong client interest, we are confident in achieving a successful fundraising for this major milestone in our development.”

Early Investments:

• Absolute Energy (Italy): Acquired a minority stake in July 2024, supporting a 3.0 GW pipeline of solar, wind, and storage projects.
• Arkolia (France): Took a co-controlling stake in November 2024 alongside Mirova, advancing rooftop photovoltaic solutions as France’s #2 Independent Power Producer (IPP).

Rodolphe Brumm, Head of Infrastructure Private Equity at BNPP AM, underscores the fund’s dual goals:

“We are proud to create value for our investors while contributing to building a more sustainable future. With two deals already completed, we are demonstrating our commitment to financing the energy transition.”

ESG-Driven Investments:

Classified as Article 8 under the SFDR, the fund integrates rigorous ESG criteria developed with BNPP AM’s Sustainability Centre. This ensures capital is efficiently directed to projects critical for achieving low-carbon goals.

David Bouchoucha, head of BNPP AM’s Private Assets unit, manages the fund, backed by a team overseeing more than €40B in assets. BNP Paribas’ strong foundation in infrastructure financing underscores its commitment to Europe’s sustainable energy transformation.

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