21 Tages raises €120M toward €500M renewables fund, backs first Italian project
What's the deal? InvestcorpTagesDealroom has a profile for this one. Try Dealroom → has raised €120 million for Tages Infra Plus, a renewables and infrastructure fund targeting €500 million. The money came through the fund's first two closes, backed by Italian and international institutions — pension funds, banks, foundations, and asset managers.
Why now? The raise marks the first investments from 21 Next, the European alternative asset management platform backed by Edizione GroupDealroom has a profile for this one. Try Dealroom →, the holding chaired by Alessandro Benetton. About half of the fund's subscribers had never invested in a Tages vehicle before, widening its institutional base.
What's the endgame? Coordinated by senior partner Carlo Michelini, Tages Infra Plus targets value-add deals in the European mid-market, taking an active role in developing assets. The team is already working on two further mid-market deals.
What's the first bet? The fund has acquired HGV, a company near Florence redeveloping a dormant industrial site into a renewable energy hub. The roughly €100 million project pairs a 92 MW solar park with battery storage and green-hydrogen production, aiming to power energy-intensive manufacturing from sustainable sources.
What could go wrong? The €120 million is an early close, not a completed raise, and conditions are tough: global infrastructure fundraising fell sharply in the first half of 2026, with energy-transition funds raising less than in 2025. Progress toward the €500 million target and delivery of the Tuscan project remain open questions.
The signal: The fund fits a broader shift toward pairing renewables with storage and electrification. L&GDealroom has a profile for this one. Try Dealroom → and NTRDealroom has a profile for this one. Try Dealroom → secured €330 million for a European clean-power fund in October, while Taaleri EnergiaDealroom has a profile for this one. Try Dealroom →'s SolarWind III closed at €630 million in January — but for now, Tages Infra Plus's story is its first institutional backers and first deal, not its scale.
Read more: globenewsinfo.com
Image credit: Generated with Gemini
