United Arab Emirates (UAE)-based specialist investor, Alcazar Energy has received a commitment to its Middle East, North Africa, Europe and Central Asia focused vehicle from a US LP.
The US International Development Finance Corporation (DFC) has committed $50 million to Alcazar Energy Partners II (AEP II), which is targeting $500 million at final close. The hard cap has been set at $650 million. AEP II touched first close in 2022, bringing in $336.6 million.
The latest vehicle is about 29.7% smaller than its predecessor, Alcazar Energy Partners One (AEP-I), which closed at $711 million in 2021.
Daniel Calderon [pictured] is cofounder and managing partner at Alcazar Energy.
Domiciled in Luxembourg, AEP II follows in the footsteps of its predecessor, targeting renewable energy deals.
The vehicle will primarily target deals across North Africa, Middle East, and Eastern Europe, and Central Asia region.
AEP II will target both social and environmental, and financial returns.
The fund will invest in renewable energy companies focused on electricity, desalination, irrigation and green hydrogen projects.
Please see full data on this fund here
