The fund will be used for investing in renewable energy, energy storage, electric mobility, and other green infrastructure assets.
“The fund has a target size of $300 million and will channel equity and quasi-equity into greenfield infrastructure projects and growth-stage companies,” the company said. “Most commitments will go to climate action and environmental sustainability, including renewable energy, energy efficiency, transmission, battery energy storage and electric vehicles, including potentially supporting circular economy sectors such as recycling and wastewater management.”
The capital infusion from EIB comes as EAAA Alternatives gears up for an initial public offering, expected to make it one of the first homegrown alternative asset managers to tap the public markets. The company had first filed draft listing papers with the capital market regulator in December 2024. The IPO is likely to provide an exit route for existing investors.
EAAA Alternatives, part of the Edelweiss Group, manages assets across private credit, real estate, and infrastructure and is increasing its investor base with global institutions ahead of its listing. It has 15 years of experience managing assets under management of around $7.3 billion as of 30 June 2025.
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