APG, the asset manager for the Dutch pension funds of ABP and bpfBOUW, has invested in the Mentha Impact Fund I, a buyout fund supporting the decarbonisation of small to medium-sized enterprises (SMEs).
At its first close, the Amsterdam-based private equity firm’s fund has raised €153m. APG said that it does not reveal details about its level of commitment to the fund.
According to APG, the buyout fund focuses on investments in companies that contribute to achieving climate and environmental goals, investing in themes such as resource efficiency, sustainable production and process technology, and the energy transition.
The Mentha Impact Fund I targets SMEs with revenues between €5m and €100m in the Benelux and Denmark.
Alongside financing buyouts, the fund will also provide growth capital to companies with impactful results.
“The new fund is a natural step in our development to increasingly focus on improving the sustainability results of our companies with a sharp eye on people and the planet, but also with sound financial results,” said Edo Pfennings, co-founder of Mentha.
