Adamantem's Environmental Opportunities Fund Secures $221.1M at Close

Adamantem Capital notified the SEC on February 7 that the Adamantem Capital Environmental Opportunities Fund reached its final close with $221.1M in capital commitments.

The Australian investment manager disclosed in a filing that the fundraising formally ended on January 20, 2025, about 18 months after opening sales of the fund in June 2023. New Private Markets reported on February 10 that the firm's first climate impact fund secured commitments from the Clean Energy Finance Corp., the Minderoo Foundation, NGS Super, Manulife, APG, and Carlyle’s Alpinvest unit, with two-thirds of commitments coming from outside of Australia.

Citing Adamantem Managing Director Rajiv Viswanathan, the report added that the fund is looking to complete 12 investments in growth equity or lower mid-market companies. So far, it has built a portfolio comprising sustainable packaging company Pac Trading, electric vehicle charger distributor Evnex, low-voltage monitoring technology provider Edge Zero, and building embedded networks designer and operator Microgrid.

Adamantem said it targets opportunities that generate outstanding financial returns while bringing about positive environmental, social and governance outcomes. Across its private equity and public market strategies, the firm manages approximately $1.6B of assets.

Written By: Dakota

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