Energy Impact Partners, the New York-based investment firm, is in discussions with new and existing LPs to raise a $1.5bn flagship fund focused on the middle market, according to two sources familiar with the matter.
The raise is being done without a financial advisor, the sources said. Once complete, it will target platforms and assets in the $40m to $50m range.
While the fund will be broadly focused on renewables, e-fuels and other sustainable fuels companies will be considered, one of the sources said.
The investment manager has invested in clean fuels via equity positions in Electric Hydrogen, Terragia and Metafuels, among others.
EIP did not respond to requests for comment.
