European Investment Fund pledges €70 million to Klima2, Alantra’s next Energy Transition growth fund

• Klima2 will invest into fast-growing cleantech companies supporting decarbonization, including clean energy generation and storage, energy efficiency or sustainable transport among others.
• This investment contributes to EIB Group´s TechEU initiative to accelerate EU innovation and the REPowerEU plan to accelerate the transition to a clean energy system and reduce dependence on fossil fuel imports.
• This commitment further reinforces Alantra and EIF’s longstanding relationship and shared commitment to investing in Europe’s energy transition.

The European Investment Fund (EIF), the arm of the European Investment Bank Group (EIB Group) specialised in equity investments in small and medium firms (SMEs) and mid-caps, has pledged €70 million to Alantra’s next energy transition growth fund Klima Energy Fund II (“Klima2”).

Klima2 will focus on scaling technologies critical to Europe’s energy transition and will invest in a portfolio of about twelve fast-growing companies across the continent. It will continue the strategy successfully implemented by Klima1, which also counted with the support of EIF as a major investor.

This commitment reinforces Alantra and EIF’s longstanding relationship and shared commitment to investing in Europe’s energy transition, supporting high-growth and innovative businesses that strengthen the continent’s industrial fabric, drive competitiveness, and advance the transition toward a more sustainable and resilient future.

Building on its first fund vintage, Klima2 will seek to deploy €10mn to €30mn investment tickets into established businesses with proven technologies and strong growth potential, typically through B2B models in areas such as clean energy generation, energy markets, grid and storage infrastructure, energy efficiency and sustainable transport. The fund will leverage the Klima team’s extensive pan-European experience in energy investments and its network of sector and operational partners across the energy transition ecosystem.

^{Photo caption from left to right: Jacobo Llanza, Executive Chairman of Alantra Asset Management, EIF Chief Investment Officer Marco Marrone; Bastien Gambini, Managing Partner of Alantra’s Energy Transition growth fund, Klima; Patricia Pascual-Ramsay, CEO of Alantra Asset Management; and David Gonzalez EIF Regional Representative Iberia .}

Marco Marrone, EIF Chief Investment Officer said: “Through this investment in Klima2 fund, the EIF is fostering innovation to accelerate the transition towards a clean energy system and low-carbon economy in Europe. We look forward to reinforcing our successful cooperation with Alantra to keep nurturing and supporting the vibrant European ecosystem of greentech companies.”

Bastien Gambini, Managing Partner of Alantra’s Energy Transition growth fund, Klima, added: “EIF’s continued support is a strong endorsement of the strategy we have built with Klima1 and the impact achieved to date. As we prepare Klima2, we look forward to building on this relationship to support the next wave of European innovators leading the energy transition.”

EIF investment contributes to the climate action objectives set out in the EIB Group’s Strategic Roadmap for 2024-2027 and phase 2 of the Climate Bank Roadmap for 2026-2030. It also contributes to TechEU, the EIB Group’s programme to accelerate EU innovation which aims to mobilise €250 billion in investments by 2027 for startups, scale-ups and innovative companies across Europe. In addition, it  supports the EIB action plan to support REPowerEU, the programme to increase energy security and speed up the energy transition by reducing the European Union’s dependence on fossil fuel imports. 

Klima2 will be classified as an Article 9 fund under the SFDR, and will focus on investments that deliver measurable positive environmental outcomes while supporting sound financial growth of innovative leaders in the low-carbon economy.

Klima is part of Alantra Asset Management, which manages €16.9bn in direct and indirect investments across private and listed companies in the European mid-market. The firm combines active management with an entrepreneurial approach and, through its pan-European multi-strategy platform, offers clients access to five alternative asset classes: private equity, active funds, private debt, energy, and venture capital, in addition to co-investments, fund-of-funds, and secondary transactions in private equity and infrastructure through its strategic partners.

Background information

European Investment Fund

The EIF is part of the EIB Group. Its central mission is to support Europe’s microenterprises and SMEs by helping them to access finance. The EIF designs and develops venture and growth capital, guarantees and microfinance instruments that specifically target this market segment. In this role, it contributes to the achievement of key EU policy goals such as competitiveness and growth, innovation and digitalisation, social impact, skills and human capital, climate action and environmental sustainability.

Alantra

Alantra is an independent global financial services firm that provides investment banking and asset management services to mid-market companies and investors. The Group has over 500 professionals in Europe, the U.S., Latin America, Asia, and the Middle East.

In Alternative Asset Management, Alantra offers its clients unique access to a wide range of investment strategies in five highly specialized asset management classes (private equity, active funds, private debt, energy, and venture capital). As of 30 September 2025, assets under management from consolidated businesses stood at €2.7bn, while those managed by firms in which the Group holds a strategic stake amounted to €14.2bn.

Press contacts

EIF

Maite Cordero: m.corderomunoz@eib.org | Tel. +34 606 66 82 62

Website: www.eif.org – Press Office: +352 4379 21000 – press@eib.org

X: @eif_eu 

Alantra

Angelina Radovic: angelina.radovic@alantra.com | Tel. +34 649 12 13 81

Website: www.alantra.com