Vortex Energy Achieves $200 Million First Close For Flagship Fund ‘Vortex Energy IV,’ Targets Investments in Global Energy Transition
Backed by its stellar track record in the field of renewable energy, Vortex Energy is launching this new fund to tap into the burgeoning global interest in Energy Transition
Vortex Energy, a global renewable energy platform managed by the private equity arm of EFG Hermes, has reached first close of USD 200 million (including a USD 25 million conditional commitment) for its fourth fund, which is anchored by EFG Hermes and Abu Dhabi sovereign institutional investors and family offices, among others. Vortex Energy IV was established in Abu Dhabi Global Markets (ADGM) where the team will be based and will work alongside Vortex Energy’s existing and growing team in London.
Vortex Energy, since its establishment in 2015, has been successfully pursuing renewable energy investments, completing the full cycle of investment and divestment of c. 822 MWs of wind and solar energy assets in Europe. Industry dynamics and market sentiment are highly supportive of this ever growing asset class. In 2020 alone the renewables share of all annual power capacity additions reached 82% compared to 15% a decade earlier. We are seeing today a wide range of investment opportunities that cater to the growing demand for sustainability and increased political and economic drive to support clean energy transition.