Nordic Alpha Partners announces 150 mEUR 1st close of its fund II, expanding its investment specialism on scaling innovative industrial Greentech companies.

The Nordic and Germany-based growth equity fund Nordic Alpha Partners (NAP) has raised 150 mEUR in a first close with an investor group including Unigestion, Allianz Global Investors, The European Investment Fund, EIFO and Copenhagen Infrastructure Partners

Copenhagen, 14th June 2023 – As one of the pioneers within sustainable growth investments in Europe, and with a strong top quantile performance of its first fund of 126mEUR, the leading European GreenTech Growth fund, announces the first close of Nordic Alpha Partners Fund II.

The Sustainable Impact Fund (SFDR Article 9) will continue to utilize NAP’s method for spotting and rapidly scaling Nordic and German industrial GreenTech companies from local players to global leaders. With the 150mEUR first close, NAP expands its position as one of the leading growth funds in Europe with a dedicated focus on sustainability and “dark green” investments. The fund who has a HardCap of 300mEUR, will continue its fundraising through 2023, and has already made its first investment in the European market pioneer and technology leader within PV-integrated roof – Sunroof, which was announced in Q1 2023.

“We are pleased to secure a first close above the full size of fund I – especially considering the current fundraising environment. The macro-demand and opportunities within the GreenTech and sustainability sector are constantly increasing, and our track record and unique value creation model set us apart in the growth equity investment space. Rapidly scaling industrial GreenTech requires substantially more capital, a highly operational investment approach and strong HardTech scaling expertise to do successfully. We are thrilled to have attracted such a strong and international investor base enabling us to accelerate Nordic Alpha Partners’ approach and vision of global ‘Economic Sustainability’ and continued conviction that high returns and sustainable impact go hand in hand,” NAP co-founder and Senior Partner, Laurits Bach Sørensen said.

Unique results
NAPs operational fund model has proven attractive to founders, consistently enabling proprietary investment processes, which is why the NAP Fund I portfolio today consists of global market leaders within Power2X, Industrial Wireless Charging, eMobility, Biomass Recircularization, Recycling, Sustainable Farming and 3D Print Industrialization. Furthermore, NAP’s value creation model and HardTech scaling expertise has secured an average annual growth ratio (CAGR) of 78% across the portfolio since NAP entry, generated +500 green jobs while providing a reduction of emissions exceeding 1 million tons CO2e in 2023. Finally, NAP has in Fund I maintained its lead investment position, while securing syndicate investment capital by a factor of 3X, including raising 33% of all publicly raised capital in Denmark the last 2 years, successfully spearheading among others the IPO of GreenHydrogenSystems, which was the largest IPO in Denmark in 4 years.

This track record has attracted several large international investment managers, including Unigestion with over €20bn AUM.

“As part of our Emerging Manager Program, we review several hundreds of GPs to select only three to five per year. Nordic Alpha Partners Fund II made it in our portfolio thanks to their deep GreenTech sector expertise and unique positioning. We have been impressed by their value creation playbook to scale innovative industrial businesses in a very capital efficient way. We look forward to being part of this journey and to scale the future climate champions.” – Senior Vice President at Unigestion, Kim Pochon, said.

NAPs GreenTech scaling expertise has also attracted an investment from the partners and owners of Copenhagen Infrastructure Partners (CIP) – one of the global leaders within renewable energy infrastructure investments.

“Our investment in Nordic Alpha Partners is a strong fit for the wider strategy of CIP investing into the energy transition and circular economy. NAPs focus is outside the investment strategies of CIP’s funds, but NAPs investment approach is complementary to what we do in CIP as it enables the early spotting and fast scaling of tomorrow’s green technology leaders.” – Partner, Philip Christiani, at Copenhagen Infrastructure Partners, said.

Also, the global investment management firm Allianz Global Investors with over €500Bn AUM, has found a strong fit with its Impact Investment Fund (AIIF) and NAP Fond II.

“Allianz Impact Investment Fund (AIIF) is dedicated to seeking investments that generate positive environmental and social outcomes and a measurable contribution to the UN SDG regime. GreenTech investments are fundamental to achieve a long-term net-zero economy and we are convinced that with Nordic Alpha Partners, we have found a partner who stands out in identifying and scaling up high potential GreenTech companies”. – Lead Portfolio Manager Impact Investments, Martin Ewald, Allianz Global Investments, said.

Another additon to the fund’s limited partner group is the European Investment Fund who was attracted by Nordic Alpha Partners role in fueling Europes technology leadership, within the green transition.

“We’re delighted to be able to support Nordic Alpha Partners Fund II,  which benefits from InvestEU resources,” said Marjut Falkstedt, Chief Executive European Investment Fund.  “The fund’s focus on scale up investments in sustainable technology companies across Northern Europe makes it an excellent fit in support of the EU’s digital and green transition.”.

​​About Nordic Alpha Partners
Nordic Alpha Partners is a Nordics and Germany-based growth equity fund established in 2017 with offices in Copenhagen and Munich. It is investing in sustainable HardTech companies with the potential to pioneer and accelerate the global green transformation. NAP’s investment approach is based on a highly active and operationally supporting ownership model, which in combination with a methodic value creation approach enables visionary founders to scale from local players to global market leaders.

More info: https://napartners.dk/

Contact:

Senior Partner, Laurits Bach Sørensen

Mobile: +45 25 26 10 30