Mirova has launched a new pan-European private equity fund.

The Mirova Environment Acceleration Capital fund will invest in companies providing sustainable technologies contributing to environmental transition. Mirova says the fund aims to raise €300 million from institutional and private investors and will look to invest in five main investment themes: smart cities, natural resources, agri-agro technologies, circular economy and clean energy.

The fund is classified as “Article 9” under the new European regulation (Sustainable Finance Disclosure Regulation4).

Marc Romano, Head of Private Equity Impact at Mirova, says: “I am delighted to have joined Mirova to carry out this new strategy, which is in every way complementary to the company’s expertise. We are convinced that private equity investors have an essential role to play in facilitating the development of impact business models, by providing capital that drives the acceleration of innovative companies and the solutions they offer to environmental challenges.”