Climate Insider Brief:
- White Summit Capital has secured €350 million in commitments for its decarbonisation-focused infrastructure fund, targeting a €500 million close in the coming months, with potential to raise up to €750 million.
- The fund will invest in middle-market projects in renewable energy, storage, and decarbonisation of transportation and industries, prioritizing deals between €25 million and €200 million to capture overlooked opportunities.
- Backed by key investors like the European Investment Fund (€150 million), the fund’s portfolio includes Spanish EV charger firm Zunder and Portuguese biomethane producer Ferbgas Renewable, with 40% of future projects focused on the Iberian Peninsula and the rest in Western Europe.
White Summit Capital, a leading infrastructure investment firm, has announced commitments exceeding €350 million ($360.7 million) for its infrastructure fund dedicated to decarbonisation. The firm expects to reach its €500 million target in the coming months, with the potential to raise up to €750 million, managing partners Pablo Pallas and Gonzalo Lopez revealed.
The fund is set to invest in smaller renewable energy and storage projects, as well as initiatives targeting decarbonisation in transportation and industrial sectors. Focused on middle-market infrastructure companies, White Summit aims to unlock investment opportunities in deals ranging between €25 million and €200 million—segments often overlooked by larger infrastructure funds.
Targeting Growth in the Green Transition
With offices in Switzerland, Spain, and Britain, White Summit is actively supporting the global green transition. Its portfolio already includes notable investments such as Spanish EV charger company Zunder and Portuguese biomethane producer Ferbgas Renewable.
“We’re targeting mid- to high-teens returns by investing in smaller infrastructure projects with substantial growth potential,” Lopez explained, adding that the fund prioritizes projects that directly advance decarbonisation goals.
Strategic Partnerships and Investors
Among the fund’s investors are the European Investment Fund, which committed €150 million, alongside global asset managers and insurance companies. While names were not disclosed, Pallas noted a U.S.-based fund manager contributed €50 million, and two Spanish family offices account for roughly 10% of the total commitments.
White Summit plans a second fundraising close in Q2 2025, with ongoing discussions involving Canadian, U.S., and European investors.
Iberian and Western European Focus
Approximately 40% of the fund’s portfolio will focus on the Iberian Peninsula, while the remaining investments will target projects in Western Europe. Two deals have already been secured: French energy efficiency specialist Powesco and an Iberian renewable integration platform.
“Investors want transparency—they’re keen to see tangible results, not just promises,” Pallas emphasized, highlighting the importance of a deal-driven approach to fund management.
Climate Insider Notes
- White Summit Capital’s decarbonisation fund highlights growing interest in middle-market green infrastructure investments.
- With €350 million secured, the firm is set to tap underutilized opportunities in deals smaller than those typically pursued by larger funds.
- The European Investment Fund’s €150 million commitment underscores institutional support for decarbonisation initiatives.
- White Summit’s portfolio aligns with accelerating trends in renewable energy, EV infrastructure, and industrial decarbonisation, positioning it as a key player in Europe’s green transition.
Source: Reuters
Featured Image: Credit: White Summit Capital
