FIRSTavenue Congratulates Impax Asset Management on €459 Million Final Close of Impax New Energy Investors Fund IV

May 2024

London, 29 May 2024 - FIRSTavenue, a leading global private funds placement agent and investment advisory firm specialising in private credit, real assets, private equity and associated capital solutions, is pleased to acknowledge the successful final close of Impax New Energy Investors Fund IV (“NEF IV” or “The Fund”).

Founded in 1998, Impax Asset Management (“Impax”) is one of the longest established private markets fund managers in the large and rapidly growing renewable energy sector. NEF IV is a continuation of Impax’s New Energy strategy which it launched in 2005.

NEF IV boasts a diversified pan-European portfolio with select US exposure, consisting of 10 platform investments spread across six countries and five technologies. Notable investments include a seasoned German wind developer with an extensive portfolio, an Italian developer focused on solar PV and energy efficiency, and a renewables developer operating in both Ireland and the US. The Fund has already achieved its first successful exit with the sale of a solar portfolio in the US.

Investors in NEF IV comprise a geographically diverse mix of institutional investors, including pension funds, sovereign wealth funds, insurance companies, asset managers, and family offices.

FIRSTavenue served as the lead placement agent for the Fund.

Paul Buckley, Managing Partner, and Co-Founder at FIRSTavenue, said: “We are proud to have worked alongside Impax and served as the lead placement agent for NEF IV. Having secured €459 million during an extraordinary fundraising environment underscores the strength of investor confidence in Impax’s strategic vision, and its commitment to investing in opportunities arising from the transition to a more sustainable global economy. We are privileged to have played a role in facilitating investments that will drive impactful and positive environmental change.”

About FIRSTavenue

FIRSTavenue is a leading independent global placement agent and advisory firm specialising in private credit, real assets, private equity and associated capital solutions. Since the firm’s inception in 2006, it has raised more than $30 billion of capital commitments on behalf of its clients. The firm maintains a global presence and a team of over 40 professionals across its headquarters in London and offices in New York, Hong Kong and Hamburg. FAP USA, L.P. is a member FINRA/SIPC.

For more information on FIRSTavenue, please visit http://www.firstavenue.com

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