- The fund’s LPs include public and private pension funds, financial institutions, sovereign wealth funds, university endowments, family offices and charitable foundations
- HitecVision is a European energy-focused private equity firm
- Currently, HitecVision has 7 billion euros of assets under management
HitecVision has closed its new energy fund at a hard cap of 875 million euros, beating its target of 500 million euros.
Eaton Partners was the placement agent for the HitecVision New Energy Fund.
The fund’s limited partners include public and private pension funds, financial institutions, sovereign wealth funds, university endowments, family offices and charitable foundations.
The fund has already deployed 540 million euros across three investments in onshore and offshore wind power, district heating with carbon capture, and other energy transition initiatives.
“We congratulate HitecVision on its successful fundraise,” said Ophir Shmuel, managing director at Eaton Partners, in a statement. “We are proud to have worked alongside one of the region’s most established GP’s in bringing their first dedicated New Energy Fund to market, building on Eaton Partners’ success in Energy Transition strategies. The efficient raise is testament to the strength of their team and the strategy.”
Eaton Partners, a Stifel Company, raised more than $130 billion for over 175 highly differentiated alternative investment funds and offerings. Founded in 1983, Eaton advises and raises institutional capital for investment managers across alternative strategies – private equity, private credit, real assets, real estate, and hedge funds/public market – in both the primary and secondary markets. Eaton Partners maintains offices and operates throughout North America, Europe, and Asia.
HitecVision is a European energy-focused private equity firm. Currently, HitecVision has 7 billion euros of assets under management. HitecVision is headquartered in Stavanger, Norway, with offices in Oslo, London and Milan.