Conquest, an alternative asset management firm, has received AIFM authorization from the French regulator, Autorité des Marchés Financiers, and launched its second European fund, Conquest Sustainable Infrastructure II. 

The fund will invest in equity with a majority position in core energy transition infrastructure assets at an advanced stage of development, with long-term cash flows and an attractive risk-adjusted return. The investments will be focused on such technologies as solar PV, wind, storage, energy efficiency, waste-to-energy and e-mobility across Western European countries. 

The raising target for the fund is EUR500 million (US$612.12 million). The fund has already a pipeline of secured projects worth EUR240 million (US$293.82 million) in equity to roll out at the first close. These projects are mostly located in Spain, Italy and France.