Castello's energy transition fund hits €45M in second close
What's the deal? Italian alternative investment manager Castello SgrDealroom has a profile for this one. Try Dealroom → has reached a second close of roughly €45 million for its Energy Transition Capital Fund, with EntracapDealroom has a profile for this one. Try Dealroom → acting as strategic advisor and sponsor. That builds on the €26 million raised at the fund's first close in 2025.
Who's backing it? The investor base now exceeds 50 subscribers. Alongside the anchor investor from the first phase, the second close brought in a first institutional backer — a professional pension fund — broadening and diversifying the pool.
What's the endgame? The fund, classified under Article 8 of the EU's SFDR regulation, targets Italy's energy transition. It gives investors exposure to infrastructure assets without locking up capital long term, focusing on solar and Battery Energy Storage Systems (BESS).
Working with EntracapDealroom has a profile for this one. Try Dealroom →, the fund has secured a pipeline of projects and already broken ground on two solar plants totalling 9MWe of installed capacity. Banks have extended financing to the strategy, and in July Entracap launched a dedicated platform for electrochemical storage systems.
Why now? CastelloDealroom has a profile for this one. Try Dealroom →'s board voted to extend the fund's placement period by 12 months, to September 2027, lifting its maximum size to €100 million. It aims to keep raising as institutional and private interest in energy transition strategies grows.
The signal: The raise marks Castello's deeper push into infrastructure — energy, storage, data centres, and logistics. "Energy Transition Capital Fund represents one of the instruments through which to combine access to sectors with significant growth prospects with an investment selection process attentive to ESG factors," said Giampiero Schiavo, chief executive officer of Castello SgrDealroom has a profile for this one. Try Dealroom → (translated from Italian).
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