– Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing, announces the final closing of its first impact private equity fund, Mirova Environment Acceleration Capital (MEAC).
– In 2021, Mirova launched its dedicated impact private equity strategy, aiming to combine financial returns with support for the environmental transition.
– Marc Romano, Head of Impact Private Equity, Mirova:
“With this first private equity fund, we are proud to have delivered on our ambitions to invest in unlisted companies displaying a high environmental impact.
– The strategy focused on deploying ‘acceleration capital’ to grow sustainable businesses by addressing key growth trends and supporting innovative solutions.
– Two years after its launch, Mirova Environmental Acceleration Capital (MEAC) raised €211m in commitments, 30% of which came from private clients attracted by the fund’s multi-thematic approach under SFDR Finance 🇪🇺 Article 9.
– MEAC is based on five investment pillars: clean energy, circular economy, natural resources, agri-agro technologies, and smart cities.
– The fund has already deployed over €80m in 10 companies across Europe and North America and completed one exit.
– MEAC has been awarded the Greenfin label and is eligible for the Tibi initiative.
– Following MEAC, Mirova launched a second private equity fund called Mirova Impact Life Essentials (MILE), focused on societal impact.
– MILE aims to support French and European companies in four themes: knowledge & know-how, well-being & health, responsible consumption, and diversity & inclusion.
– Mirova aims to provide institutional and retail investors with attractive long-term returns and risk diversification, contributing to ecological and social transitions.
– MILE is intended to be positioned under SFDR Article 9, like Mirova’s other strategies.
– MEAC has invested in companies like:
– Ombrea : specialized in crop management and protection against climatic hazards.
– Tallano Technologies: patented system for capturing fine particles from braking systems.
– Agronutris: biotech focused on producing insect proteins for aquaculture and pet food.
– Vestack: expertise in low-carbon building design and construction.
– Naïo Technologies: agricultural robotics to mitigate labor shortages.
– Norsepower: mechanical sails for decarbonizing maritime cargo ships.
– Nuventura: manufacturer of high-voltage switchgears with alternatives to pollutants like SF6.
– Waste Robotics: autonomous robots for sorting centers.
– NLine Energy, Inc.: developer of energy efficiency projects using backpressure turbine technology.
– GridBeyond: virtual power plant operator helping decarbonize industrial energy mixes.
