POELLATH advises Extantia Capital on the launch of the Extantia Climate Flagship II Fund with a 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 the target volume of EUR 150 million. With its Climate-Tech Fund, Extantia invests in young technology companies in the field of decarbonization, focusing on the areas of energy, industrial processes, buildings, transportation and technologies for removing CO2 already emitted from the atmosphere.
For its impact analyses, Extantia uses its own sustainability center Extantia Ignite, which brings together scientists, ESG and sustainability experts to create transparency and science-based guidelines for the climate innovation ecosystem. Extantia has also established its own impact policy. According to this, part of the fund manager's remuneration is linked to the achievement of predefined sustainability targets.
In addition to large 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, the investor base of the Extantia Climate Flagship II Fund also includes the Allianz insurance group as well as industrial companies, well-known family offices and private individuals.
POELLATH advised Extantia Capital on all contractual, tax and regulatory aspects of the fund structuring and marketing as well as on investor negotiations with the following Berlin private funds team:
- Dr. Philip Schwarz van Berk (partner, lead, private funds)
- Ronald Buge (partner, tax / private funds)
- Nele Frie (senior associate, private funds)
- Katharina Hammer (associate, private funds)
