Eurazeo has announced the first close of the Eurazeo Transition Infrastructure Fund (ETIF) with EUR210 million (US$218 million) commitments from EIF and a range of institutional investors.

The aim of the Eurazeo Transition Infrastructure Fund (ETIF) is to invest in transition infrastructure, including the energy transition, the digital transition, clean transport, and the circular economy. ETIF has been seeded with 3 investments from Belgian rooftop solar developer Ikaros Solar, a joint venture to develop a plastic waste sorting plant in Denmark Resource and French-headquartered electric vehicle charging point operator Electra. With resources from the European Investment Bank and InvestEU, The European Investment Fund has made a cornerstone investment of EUR75 million (US$77 million).

ETIF helps Europe achieve energy sovereignty and a sustainable future through decarbonization across the transition infrastructure asset class.