Insight

Magnesium Capital raises €135 million for its debut fund

Magnesium Capital I's limited partners include blue-clip institutional investors from the US, Europe and the UK.

-
  • Triago was the global placement agent
  • Simpson Thacher & Bartlett provided legal counsel while PricewaterhouseCoopers served as tax advisors
  • Based in London, Magnesium Capital LLP is focused on the energy transition

Magnesium Capital has closed its inaugural fund at a hard cap of €135 million, beating its €100 million target.

Magnesium Capital I’s limited partners include blue-clip institutional investors from the US, Europe and the UK.

Magnesium focuses on profitable European companies with proven technologies or tech-enabled services that are positively impacting the decarbonisation of the production, distribution and consumption of energy.

On the fundraising, Ian Jones, managing partner, said in a statement, “Magnesium’s distinctive investment strategy, reputation for adding value by working closely with management teams, and the positive environmental impact of our portfolio companies, generated considerable investor interest resulting in the Fund being significantly over-subscribed.”

Triago was global placement agent. Simpson Thacher & Bartlett provided legal counsel and PricewaterhouseCoopers served as tax advisors.

Based in London, Magnesium Capital LLP is focused on the energy transition.