Vice President - Multiple Teams

Alantra expands its Energy Transition investment offering with the launch of a dedicated secondaries strategy. Alantra has launched a dedicated secondaries strategy within its Energy Transition asset class through Horizon Secondaries, F.C.R., a c. €120mn (USD 140mn) investment vehicle, backed by anchor investor CommonWealth Investments, alongside international institutional investors including Blue Earth Capital's impact secondaries strategy and Swisscanto's World Carbon Solutions fund. The vehicle has acquired a portfolio of around 10 innovative growth companies across North America, Europe, and Asia from Shell Ventures. The Energy Transition market is entering a more mature phase, creating a growing number of secondary investment opportunities as existing shareholders seek liquidity while companies continue to scale. Alantra believes this development creates an attractive opportunity to invest in established businesses with further growth potential. Alantra's experience in the asset class includes investments in primary growth-stage Energy Transition companies through Klima and the recently launched Klima II, which has secured a €70mn commitment from the European Investment Fund, as well as clean-energy infrastructure investments, with 565 MW of capacity acquired to date. The new secondaries strategy builds on this track record and extends Alantra's offering across primary and secondary markets. Horizon Secondaries is the first vehicle launched under the new strategy, which is intended to pursue further secondary investment opportunities through dedicated vehicles. It is also the third vehicle launched by Alantra Asset Management this year to provide investors with access to direct investment opportunities in pre-identified assets, following the Health in Code continuation vehicle and the Salto co-investment vehicle. Patricia Pascual-Ramsay, CEO of Alantra Asset Management, said: "The launch of this new business line is an important step in the continued development of Alantra Asset Management and reinforces Energy Transition as one of our strategic growth areas. The market has reached a point where a growing number of high-quality companies are becoming accessible through secondary transactions, creating a compelling long-term opportunity for investors. Our experience across the asset class gives us a deep understanding of the underlying technologies, business models and market dynamics, allowing us to identify opportunities where we believe we can deliver differentiated value." Guido Geheniau, Director at CommonWealth Investments, commented: "As an independent Amsterdam based investment office with a long track record in secondaries, we know how much value there is in well-run, growth-stage businesses where one shareholder is ready to move on while others stay in for the next phase of growth. Horizon Secondaries lets us apply that same patient, hands-on approach at an international scale, partnering with Alantra's asset management team." Nicolas Muller, Managing Director, Head of Private Equity Partnerships at Blue Earth Capital, added: "This transaction is an important milestone for Blue Earth Capital's impact secondaries strategy. A generation of energy transition companies has matured over the past decade, yet the liquidity options available to their early backers have not kept pace. We are delighted to partner with Alantra to help close that gap and build a more efficient secondary market for climate and energy transition assets." Quennie Co, Managing Partner, Shell Ventures, said:"Alantra's focus on high-growth businesses and its global footprint mean it is well-placed to support these companies as they continue to scale. Today's announcement, which represents a small proportion of the Shell Ventures' quality portfolio, reflects our strategic focus on concentrating our support where we can have the greatest impact. We remain committed to investing, deploying and scaling innovative energy solutions." The transaction remains subject to transfer and closing conditions and regulatory approvals. Alantra Asset Management currently has c. €3.2bn of fee-earning assets under management across Private Equity, Private Debt, Active Funds, and Energy strategies, of which c. €450mn are invested in the Energy Transition asset class. As part of its 2026-2028 strategic plan, the firm aims to grow fee-earning assets under management to c. €10bn, supported by the continued expansion of its existing investment capabilities and the selective acquisition of specialized European asset managers. Highlight. by Axon Partners Group cloud technology axon

Alantra launches its second growth vehicle to invest in the energy transition. Alantra has launched Klima Energy Transition Fund II ("Klima II"), the second investment vehicle under its growth strategy focused on the energy transition, through which the asset manager aims to raise €370 million, with a maximum target size of €500 million. The new fund builds on the strategy developed by Klima in recent years and raises the ambition of its predecessor, which raised €210 million, €60 million above its initial target. The new fund has received approval from the Spanish National Securities Market Commission (CNMV), with BNP Paribas acting as depositary and Deloitte as auditor. Klima II is structured through Klima Energy Transition Fund Families II, SCR, S.A., a Spanish private equity vehicle managed by Alantra Energy Transition, S.G.E.I.C., S.A., and has a parallel fund, Klima Energy Transition Fund II, F.C.R. The vehicle is structured as an Article 9 financial product under the SFDR, as it pursues an environmental sustainable investment objective. The strategy is primarily aimed at growth companies with proven technologies, established business models and strong expansion potential. The fund expects to make investments of between €10 million and €30 million per company, building a diversified portfolio of approximately 12 to 15 investments. The vehicle will primarily invest in B2B companies involved in the transformation of the energy system and the decarbonisation of the economy. Its main areas of focus include decarbonised power generation, energy storage, smart grids and infrastructure, energy efficiency, sustainable transportation, and energy and carbon markets. The investment focus will be primarily on Europe, although the vehicle may allocate up to 20% of invested capital to opportunities in North America, a percentage that may be increased by a further five percentage points with the approval of the Supervisory Committee. Investments in growth companies Klima II will focus on unlisted companies and will primarily make minority investments through equity, preferred shares, convertible instruments and other structures that provide exposure to the growth of portfolio companies. The strategy is particularly focused on companies at Series B and later financing stages, with the ability to generate recurring commercial revenues and expectations of achieving positive EBITDA within three years of the investment. Selectively, the fund may also invest in earlier-stage companies developing solutions in less mature segments of the energy transition. As a general rule, the fund will not acquire controlling stakes in its portfolio companies. Investment in any single portfolio company will normally be limited to 10% of total commitments, although this limit may be increased to 15% with the approval of the Supervisory Committee. The vehicle already has investment commitments, including a €70 million commitment from the European Investment Fund (EIF). The strategy also includes investment commitments in small and medium-sized enterprises in the European Union and EFTA countries, in line with certain commitments made by institutional investors. A fund focused on decarbonisation Sustainability is a central element of Klima's strategy. The vehicle will invest in companies whose activities make a clear contribution to decarbonisation and the transition towards an energy system based on clean and low-carbon energy sources. The investment process incorporates ESG analysis from the initial screening stage, as well as specific due diligence for each transaction. The analysis includes a review of companies' sustainability practices, the identification of material issues and an assessment of their contribution to the environmental objectives of the EU Taxonomy, as well as compliance with the "do no significant harm" principle. Once an investment has been made, Klima establishes impact indicators and measurable targets for portfolio companies and monitors their performance throughout the holding period. The investment team may also work with management teams through ongoing dialogue, participation on boards of directors and the exercise of its rights as a shareholder. One of the vehicle's distinguishing features is the link between part of the management team's remuneration and the achievement of its impact objectives. Specifically, 30% of the carried interest is linked to the collective achievement of the impact KPIs defined for the portfolio companies. The fund also provides for the development of an impact thesis for between 70% and 100% of its investments, as well as improvements in the climate impact indicators established for portfolio companies during the investment period. Continuing Klima's strategy The launch of Klima II marks another step in the development of Alantra's investment strategy in the energy transition space and forms part of the firm's efforts to expand and diversify its capabilities as an asset manager. The new vehicle builds on the experience accumulated by the Klima team investing in companies involved in the energy transition, as well as its network of sector and operating partners across the European energy transition ecosystem. The strategy provides for an initial five-year investment period, extendable by one year, while the vehicle will have a total life of 10 years from the first closing, with the possibility of two consecutive one-year extensions. The minimum investment commitment is €1 million, and the initial placement period will run for 18 months from the registration of the company with the CNMV, with the possibility of extending it by an additional six months. The vehicle will be targeted at professional investors and other investors who meet the requirements established under Spanish private equity regulations. With this second fund, Alantra aims to expand the capacity of its energy transition platform to support the growth of companies developing technologies and solutions designed to transform the energy system, combining the financial growth potential of its portfolio companies with specific climate impact objectives. Highlight. by Axon Partners Group cloud technology axon

Alantra has launched Klima Energy Fund II (Klima2), the second iteration of its growth strategy focused on energy transition, with a target size of €370 million and a maximum of €500 million. The venture capital firm's new fund follows its previous energy transition-focused growth vehicle. Klima2 will invest in companies driving the shift towards sustainable energy solutions. This launch represents Alantra's continued commitment to growth-stage investments in the energy transition sector, building on the firm's existing strategy in this space.