Macquarie Asset Management has announced the final close of the Macquarie Green Energy Transition Solutions Fund (MGETS), securing more than $3 billion in total fund and co-investment commitments. It is Macquarie’s first fund dedicated to energy transition investments, targeting opportunities beyond mature renewable projects. Its focus areas include energy storage, distributed energy, renewable fuels, clean transport, carbon capture, and circular economy solutions.
MGETS has already advanced significantly in portfolio construction, with 12 investments finalised and over 65 per cent of its capital committed. The portfolio spans multiple regions, technologies, and sectors, including companies such as Eku Energy, a battery storage developer in Europe and Asia-Pacific; SkyNRG, a sustainable aviation fuel business; Calibrant Energy, which provides distributed energy for commercial and industrial clients in North America; and Verkor, a French electric vehicle battery manufacturer.
Furthermore, MGETS has raised more than $2.4 billion in fund commitments along with an additional $647 million of committed co-investment in its portfolio companies, exceeding its initial target size of $2 billion. The fund attracted backing from a global investor base that includes pension funds, insurers, sovereign wealth funds, and asset managers across regions in Europe, the Middle East, and Africa, Asia-Pacific, and the Americas.
