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Photo: Dr. Philip Schwarz van Berk, LL.M. (London), Partner at POELLATH, Berlin (© Pöllath)

Extantia Capital launches Climate Flagship II fund for € 200 million

Photo: Dr. Philip Schwarz van Berk, LL.M. (London), Part­ner at POELLATH, Berlin (© Pöllath)
28. Novem­ber 2024

Berlin — POELLATH advi­ses Extan­tia Capi­tal on the launch of the Extan­tia Climate Flag­ship II fund with a fund volume of over EUR 200 million. Extan­tia Capi­tal Manage­ment GmbH (“Extan­tia” or “Extan­tia Capi­tal”), a Berlin-based venture capi­tal inves­tor, has successfully closed its EuVECA fund Extan­tia Climate Flag­ship II at EUR 204 million, far excee­ding its target volume of EUR 150 million. With its climate tech fund, Extan­tia invests in young tech­no­logy compa­nies in the field of decar­bo­niza­tion. The invest­ment focus is on the areas of energy, indus­trial proces­ses, buil­dings, trans­por­ta­tion and tech­no­lo­gies for remo­ving CO2 alre­ady emit­ted from the atmo­sphere. Extan­tia Capi­tal uses its own sustaina­bi­lity center Extan­tia Ignite for its impact analy­ses. This brings toge­ther scien­tists, ESG and sustaina­bi­lity experts to create trans­pa­rency and science-based guidance for the climate inno­va­tion ecosys­tem. Extan­tia has also estab­lished its own impact guide­lines for the purpose of funding. Accor­ding to this, part of the fund manager’s remu­ne­ra­tion is linked to the achie­ve­ment of pre-defi­­ned sustaina­bi­lity targets. The inves­tor base of the Extan­tia Climate Flag­ship II fund includes major insti­tu­tio­nal inves­tors such as the Euro­pean Invest­ment Fund (EIF), Land­wirt­schaft­li­che Renten­bank, the Danish Export Invest­ment Fund (EIFO), the Austrian Fede­ral Pension Fund and KfW Capi­tal, as well as the Alli­anz insu­rance group, indus­trial compa­nies, well-known family offices and private indi­vi­du­als. Advi­sors: POELLATH advi­sed Extan­tia Capi­tal on all contrac­tual, tax and regu­la­tory aspects of the fund struc­tu­ring and distri­bu­tion as well as on the inves­tor nego­tia­ti­ons with the follo­wing Berlin team:

Dr. Philip Schwarz van Berk, LL.M. (London) (Part­ner, Lead, Private Funds)
Ronald Buge (Part­ner, Tax / Private Funds)
Nele Frie (Senior Asso­ciate, Private Funds)
Katha­rina Hammer (Asso­ciate, Private Funds)

www.pplaw.com

 

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