Mirova hits first close for Energy Transition 5

The Paris-based fund manager has announced the first close of its fifth energy transition fund at €466 million.

  • Fund: Mirova Energy Transition 5 Fund
  • Amount raised: €466 million
  • Target size: €1 billion
  • Stage of fundraising: First close
  • Predecessor fund: Mirova Eurofideme 4 Fund (€859 million)

Mirova has raised €466 million for Mirova Energy Transition 5, its fifth fund dedicated to financing energy transition infrastructure. A target was set this year at €1 billion to ensure that the firm’s allocation to renewable energy increased from its current level of 20% to 32% by 2030. As with its predecessor, fund 5 will focus on renewable energy and low-carbon mobility sectors.