EstCapital SGR launches energy fund

Italy’s real estate asset manager EstCapital SGR has launched Alps Energy Re, an open-end fund which will invest in sustainable energy.

Alps Energy Re will invest in a diversified range of renewable energy such as photovoltaic, biogas and hydroelectric. The fund also aims at acquiring a range of already existing electrical systems which will be supervised by energy expert Roland Troyer.

The fund targets between €30m and €50m ofnet inflows and an annual return of 6-7%, with a duration below 10 years and it is said to be suitable both for institutional and private investors seeking for medium and long-term returns.

Mauro Pulega, CEO of EstCapital SGR, commented: “We have already posted €10m and we are receiving several requests from investors.”

EstCapital SGR is an independent manager of real estate funds with €1.2bn AUM in its 17 funds.

 

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