About This Fund
Arcano Earth Fund III continues Arcano’s thematic investment in sustainable infrastructure with a focus on energy transition, water, digital infrastructure, and sustainable transport across Europe and North America. Building on the success of AEF I & II, it targets a diversified portfolio via primaries, secondaries, and direct co‑investments. AEF III aims to leverage strong momentum from global ESG trends and post‑pandemic stimulus to deliver attractive risk‑adjusted returns and long‑term impact. It seeks visible, cash‑generative infrastructure assets resilient to market volatility, aligning with UN Sustainable Development Goals and Arcano’s robust ESG framework. Informed by prior vintages—where AEF raised ~€292 M for AEF I (launched 2019) and ~€331 M for AEF II (2021)—AEF III is poised to continue deploying capital into thematic, sustainable assets. The fund also benefits from Arcano’s ESG track record, including GRESB (93%) and UN PRI (A+) ratings. The AEF III strategy allocates 50% of its capital to primary and secondary funds and the remaining 50% to co-investments, increasing the share of co-investments compared to the 30% set in its predecessor, Arcano Earth Fund II FCR (AEF II). This structure allows the fund to maintain broad diversification — with more than 150 underlying projects expected — while enhancing fund returns through access to direct opportunities, a strategy that has been successfully implemented since its first fund, Arcano Earth Fund.