Extantia Capital launches Climate Flagship II fund for € 200 million
Berlin — POELLATH advises Extantia Capital on the launch of the Extantia Climate Flagship II fund with a fund volume of over EUR 200 million. Extantia Capital Management GmbH (“Extantia” or “Extantia Capital”), a Berlin-based venture capital investor, has successfully closed its EuVECA fund Extantia Climate Flagship II at EUR 204 million, far exceeding its target volume of EUR 150 million. With its climate tech fund, Extantia invests in young technology companies in the field of decarbonization. The investment focus is on the areas of energy, industrial processes, buildings, transportation and technologies for removing CO2 already emitted from the atmosphere. Extantia Capital uses its own sustainability center Extantia Ignite for its impact analyses. This brings together scientists, ESG and sustainability experts to create transparency and science-based guidance for the climate innovation ecosystem. Extantia has also established its own impact guidelines for the purpose of funding. According to this, part of the fund manager’s remuneration is linked to the achievement of pre-defined sustainability targets. The investor base of the Extantia Climate Flagship II fund includes major institutional investors such as the European Investment Fund (EIF), Landwirtschaftliche Rentenbank, the Danish Export Investment Fund (EIFO), the Austrian Federal Pension Fund and KfW Capital, as well as the Allianz insurance group, industrial companies, well-known family offices and private individuals. Advisors: POELLATH advised Extantia Capital on all contractual, tax and regulatory aspects of the fund structuring and distribution as well as on the investor negotiations with the following Berlin team:
Dr. Philip Schwarz van Berk, LL.M. (London) (Partner, Lead, Private Funds)
Ronald Buge (Partner, Tax / Private Funds)
Nele Frie (Senior Associate, Private Funds)
Katharina Hammer (Associate, Private Funds)