The vintage fund called Eiffel Energy Transition III has exceeded its initial fundraising target of EUR 1 billion and reached its hard cap, attracting investments from more than 30 French and international institutional investors. About 50% of the subscriptions came from backers of its predecessor funds, the Eiffel Energy Transition I and II.

As the first two funds, the new one will provide flexible short-term debt to green energy assets, facilitating their construction. Eiffel Energy Transition III has committed just over a third of the raised proceeds and currently has a pipeline of projects to be financed worth over EUR 1.5 billion.

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