Biofuels

Ara Infrastructure Fund I is an infrastructure fund managed by Ara Partners and located in Houston, Texas. Ara Partners plans to acquire majority interests in 8 to 10 companies generating cash flow but not to its full potential. As of March 2024, it has acquired majority stakes in two companies developing biofuels rail terminals: Lincoln Terminal Holdings in Greenville, South Carolina; and USD Clean Fuels in Houston. In May 2025, the fund reached final close with US$800 million.

Axeleo Capital Green Tech Industry I is the debut climate and industrial technology fund raised by Axeleo Capital, an independent French venture capital manager that has expanded its platform from B2B enterprise software into the green economy. The fund represents Axeleo Capital's strategic entry into deep industrial technology, targeting European startups at the critical transition from laboratory to first commercial factory, addressing the capital gap between research grants and scaled manufacturing investment. The fund focuses on financing the first commercial factories of European industrial startups dedicated to the ecological transition, investing across four impact-driven verticals: energy technologies including novel renewable energy sources and storage systems; chemistry and advanced materials including biomaterials and plastics recycling; agriculture and food systems including bio-based fertilizers, pesticides, and food innovation; and sustainable mobility including electric motor technologies and decarbonization of air and sea transportation. Axeleo targets 15 to 20 investments across Europe with lead ticket sizes ranging from EUR 3 million to EUR 10 million, focusing on founders with proprietary technology and a credible path to scaled industrial production. Axeleo Capital Green Tech Industry I announced a first close at EUR 125 million in November 2024 against a total target of EUR 250 million. Anchor commitments came from the Révolution Environnementale et Solidaire fund (Crédit Mutuel Alliance Fédérale), Bpifrance via the Fonds National de Venture Industriel as part of France's Plan France 2030 industrial policy, and the Veolia environmental services group. The fund is actively fundraising toward its EUR 250 million target, making it one of the largest dedicated industrial climate tech vehicles raised in France.

Macquarie’s Green Energy Transition Solutions Fund (MGETS) is a closed‑ended vehicle designed to deploy capital into technologies and infrastructure that go beyond traditional renewables. It targets growth‑stage companies offering decarbonisation solutions in sectors such as energy storage, distributed energy, clean transport, renewable fuels, carbon capture, and circular economy. At final close, MGETS surpassed its initial $2 billion target, raising over $2.4 billion in fund commitments and $647 million in co‑investment, for a total capital pool exceeding $3 billion. Over 65 % of that capital has already been committed across 12 investments spanning multiple geographies and technology domains. The fund targets a net IRR of 13 % to 15 %. It seeks companies that balance growth potential with infrastructure‑like characteristics, backing opportunities that are scaling and de‑risked yet operate in the next wave of energy transition technologies. MGETS has built a diversified portfolio including names like Eku Energy (battery storage), SkyNRG (sustainable aviation fuel), Verkor (EV battery manufacturing), and Calibrant Energy (distributed energy). Its geography‑agnostic approach allows deployment across Europe, North America, Asia‑Pacific, and beyond.