BNP Paribas Asset Management has launched the BNP Paribas Low Carbon Transition Infra Equity Fund I.

The fund targets €750m from institutional investors and aims at a portfolio of 8 to 12 equity investments through direct minority participation in Core+ and Value-Add capital-intensive infrastructure projects in the mid-market segment. It will invest in European countries, supporting energy transition projects focusing on clean energy, sustainable mobility and circular economy. It is classified as Article 8 under SFDR.

Rodolphe Brumm, Head of Infrastructure Private Equity at BNP Paribas Asset Management, said, “We are thrilled to launch our first infrastructure private equity fund, a testament to the growing client demand for this asset class and the pressing need for low carbon investments. Backed by €400m anchor commitments illustrating the strong support of the BNP Paribas Group, this initiative underscores our central role in financing the energy transition. With two deals already completed – solar PV projects in Europe – we are proud to create value for our investors while contributing to building a more sustainable future.”

Karen Azoulay, Head of Real Assets at BNP Paribas Asset Management said, “We are delighted to expand our established infrastructure franchise with the launch of BNP Paribas Low Carbon Transition Infra Equity Fund I. Since 2018, we have successfully invested in more than 80 infrastructure transactions, demonstrating the strength of our approach and the expertise of our seasoned investment team. With a proven track record in low carbon solutions, the support of the BNP Paribas Group, and the strong client interest in this space, we are confident in achieving a successful fundraising for this major milestone in our development.”

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