After less than three months of active marketing, Ambienta sgr announced the closing of the fundraising of its third fund at the hard cap of 635 million euros out of a 500 million euros target and thanks to a demand well in excess of one billion euros (see here the press release).
Ambienta III attracted capital commitments from close to 50 global investors, including 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 II is currently one of the best performing buyout funds for its vintage versus private equity funds globally, placing it in the top decile. Ambienta recently announced its second divestiture from Fund II, the exit of Oskar Nolte (see here a previous post by BeBeez), , and it has now returned over 100% of drawn commitments in less than five years.
Ambienta was advised by London-based Rede Partners, an independent fundraising and secondary advisor to the private equity industry
Led by managing partner Nino Tronchetti Provera, Ambienta is the largest independent private equity firm globally that is dedicated to 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.
Last March Ambienta sgr won a Private Equity International Award as “Private Equity firm of the year 2017 (see here the press release). Among the reasons for the award is the fact that the firm was able to show that responsible investments may go pari passu with growth and financial returns.