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Impax raises €459m for fourth renewables fund

RICHARD HEAP

May 23, 2024

Impax Asset Management has raised €459m for its fourth private markets infrastructure fund, which is focused on deals in sectors including onshore wind, solar and hydro.

The Impax New Energy Investors IV fund has attracted investment from institutional investors including insurers, pension funds and sovereign wealth funds. It reached its first close in October 2021, and has invested in companies including a German wind developer and an Italian solar developer.