Sustainability-focused European asset manager Ambienta announced that it has raised more than €500 million at the final close of its Ambienta Sustainable Credit Opportunities strategy, surpassing its target for the private credit fund aimed at backing “environmental champions.”

Launched in 2023, Ambienta’s credit fund finances and supports mid-market companies providing products and services measurably improve resource efficiency or pollution control, utilizing the firm’s proprietary environmental impact methodology. To date, Ambienta said that the strategy has executed 13 deals out of nearly 600 that it has screened, with approximately €300 million in capital deployed.

Ran Landmann, Partner and Chief Investment Officer and Nishan Srinivasan, Partner and Co-Head of Ambienta Credit said:

“This fund enables us to provide financing solutions to companies driving positive environmental impact and deliver attractive returns to our LPs. We are excited to continue partnering with leaders across Europe to deliver value driven by sustainability.”

According to Ambienta, the fund received commitments from more than 40 investors including pension funds, foundations, insurance companies, and family offices across Europe, Asia, and North America. Investors in the fund include APG, the European Investment Fund, Fondazione ENPAM, Generali Asset Management, the UK Environment Agency Pension Fund, and VER.

Laurent Donin de Rosière, Partner and Head of Investor Relations and Strategic Partnerships at Ambienta, said:

“We are incredibly grateful for the breadth and quality of investor support we’ve received. Exceeding our target at final close is a testament not only to the strength of our environmental credit strategy and the clarity of our investment philosophy in a market where sustainability is increasingly seen as a driver of long-term value, but also to the powerful partnerships we have built with our Limited Partners.”

Founded in 2007, Ambienta invests in private and public companies driven by environmental megatrends, including companies with products and services that have a positive impact on the environment in areas such as resource efficiency and pollution control, which the firm says benefit from strong long-term competitive advantages and are more likely to deliver superior financial returns.

Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm’s head of U.S. equities. While at DCM, Mark was part of the firm’s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.