The London Private Investment Funds team assisted Ambienta on the raising of its third fund, Ambienta III, with a first and final close after less than three months of active marketing. With demand well in excess of €1 billion, the fund surpassed its original €500 million target and hit its €635 million hard cap.
Ambienta III attracted capital commitments from close to 50 global investors representing total assets of €10 trillion. This included many leading pension funds, insurance companies, fund of funds, banks and foundations. Approximately 75% of the investor base came from continental Europe, 15% from the UK and 10% from the United States. Notably the fund received strong support from its existing LP base, with re-up demand in excess of 100% of prior commitments.
Ambienta is the largest independent fund globally that is dedicated to private equity investments that capture long term environmental growth trends. With offices in Milan, Dusseldorf and London, to date the firm has invested in 26 companies in eight European countries with revenues across over 100 geographies. The firm invests in niche leading companies underpinned by sustainable megatrends, notably resource efficiency and pollution control, combining exceptional financial returns with significant and quantifiable environmental impact.
The cross border Goodwin team assisted on matters including structuring, terms, strategy and investor negotiation for the fundraising and was led by partner Shawn D’Aguiar and included partner Laura Charkin and associates Mariam Akanbi and Natasha Oppenheim. The Goodwin team worked alongside McDermott Will & Emery LLP’s Milan office. Ambienta was also advised by London-based Rede Partners, an independent fundraising and secondary advisor to the private equity industry.
For additional information on the closing, please read Ambienta’s press release.