Arcano Capital announced the final close of its first Sustainable Infrastructure Fund, “Arcano Earth Fund”, at EUR292 million (USD355.5 million), exceeding its EUR250 million (USD304 million) target size.

Launched in 2019, Arcano Earth Fund is a Spanish fund of funds vehicle that invests in sustainable infrastructure in Europe and North America, focusing on the energy transition, water, digital infrastructure, and sustainable transport sectors. Arcano Earth Fund seeks to provide its Limited Partners the opportunity to produce positive, measurable, and tangible impact on global sustainability while delivering attractive risk-adjusted returns and efficient diversification across various sectors and geographies.

To date, the Fund has already deployed over 86 percent of its capital to 18 investments, 13 of which are investments in funds and five of which are direct co-investments.

In GRESB’s 2020 sustainability assessment, Arcano Earth Fund scored 28/30 or 93 percent, well-above its global peers. Furthermore, regarding UNPRI’s 2020 Assessment, Arcano Earth Fund scored A+, the highest possible score in the evaluation.