Alantra Launches New $140 Million Energy Transition Fund with Acquisition of Portfolio from Shell Ventures

Madrid-based international financial services provider Alantra announced the launch of Horizon Secondaries, a new €120 million (USD$140 million) dedicated secondaries strategy within its Energy Transition asset class.

The new energy transition-focused vehicle is being launched with the acquisition of 10 growth companies across North America, Europe, and Asia from Shell Ventures.

Quennie Co, Managing Partner at Shell Ventures, said:

“Alantra’s focus on high-growth businesses and its global footprint mean it is well-placed to support these companies as they continue to scale. Today’s announcement, which represents a small proportion of the Shell Ventures’ quality portfolio, reflects our strategic focus on concentrating our support where we can have the greatest impact.”

According to Alantra, the launch of the new strategy comes as the energy transition market enters a more mature phase, creating a growing number of secondary investment opportunities as existing shareholders seek liquidity while companies continue to scale, and presenting an attractive opportunity to invest in established businesses with further growth potential.

Alantra’s current energy transition fund, Klima, is a €210mn late-stage venture fund that supports energy-tech companies in their early-growth phase. Alantra said that the new secondaries strategy extends its offerings in the area across primary and secondary markets.

Horizon Secondaries is the first vehicle launched under the new strategy, which is intended to pursue further secondary investment opportunities through dedicated vehicles, the firm added.

Patricia Pascual-Ramsay, CEO of Alantra Asset Management, said:

“The launch of this new business line is an important step in the continued development of Alantra Asset Management and reinforces Energy Transition as one of our strategic growth areas. The market has reached a point where a growing number of high-quality companies are becoming accessible through secondary transactions, creating a compelling long-term opportunity for investors.”