By “Hermes”.. Abu Dhabi Catalyst and Vortex Energy sign a bilateral partnership


Abu Dhabi – Mubasher: The Abu Dhabi Catalyst Partners Fund, which specializes in asset management and is mandated to support the development of the Abu Dhabi Global Market, announced the signing of a partnership agreement with Vortex Energy, which specializes in investing in renewable energy and managed by the private equity arm of EFG Hermes.

The Abu Dhabi Catalyst Fund stated, today, Thursday, that the new partnership confirms the commitment of Abu Dhabi Catalyst Partners to contribute to the development of the sustainable, fast-growing and developing financial sector, from its headquarters in the Abu Dhabi Global Market, according to the Emirates News Agency “WAM”.

Vortex Energy recently reached its first close of $200 million and secured a conditional commitment of $25 million for its fourth “Vortex Energy IV” fund.

With a target size of US$750 million, the fund will focus on investment opportunities arising from the world’s shift to clean, carbon-neutral energy generation solutions.

Investments include power generation such as solar photovoltaics, onshore and offshore wind energy, hydropower and biomass as well as distributed generation technologies, storage, electric vehicle charging facilities, and broader services in Taqa.

The fund targets investment opportunities across the asset lifecycle, from capacity development in new areas to operating portfolios with a geographic focus on Europe, North America, Latin America and Australia.

“Within the global effort to solve the challenges of climate change, sustainable finance is an important factor in economic and environmental empowerment,” said James Muncie, CEO of Abu Dhabi Catalyst Partners.

He pointed out that the asset industry can play an important role in driving the transition efforts to a cleaner and greener future.

Karim Moussa, Head of Private Equity and Asset Management at EFG Hermes and CEO of Vortex Energy, said: “We are pleased to have Abu Dhabi Catalyst Partners as a major investor in Vortex Energy IV. positively affect the world.”


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