The Arab Energy Fund, formerly known as APICORP, a leading multilateral impact financial institution focused on the MENA energy sector, has announced the launch of the “TAEF Hartree Cleantech LP”, a $120 million Limited Partnership (LP) with Hartree Partners, a global energy and commodities firm.

 

The strategic partnership strengthens The Arab Energy Fund's position as the leading regional impact fund focused on investing in the entire energy value chain.

 

 It reinforces the Fund's commitment to advancing the energy agendas of its member countries, including energy security, supporting sustainable energy solutions, and innovation.

 

Incorporated in the UK, the LP will serve as a new platform which aims to leverage proprietary market insights and in-depth research to identify, invest in, and support entrepreneurs in developing physical and digital decarbonisation technologies. It will focus on venture capital (VC) stage companies.

 

Hartree Partners, a global leader in energy and commodities trading, has been advancing the cleantech sector through its venture-growth equity investment strategy since 2020, implemented via its subsidiary, Vertree Partners (Vertree).

 

The subsidiary focuses on carbon markets, scalable industrial decarbonisation solutions, and the energy transition value chain.

 

Hartree has built a robust cleantech portfolio, investing in 10 companies across key energy transition sectors, such as industrial decarbonisation, emissions verification, geospatial data and analytics, and climate change adaptation technologies.

 

These investments reflect Hartree Partners' dedication to advancing technologies that drive the transition to a sustainable, low-carbon economy, and will be incorporated into the partnership established by The Arab Energy Fund and Hartree.

 

Commenting on the announcement, Khalid Ali Al-Ruwaigh, CEO of The Arab Energy Fund, said: "This initiative reflects our strategy to support the energy ecosystem with debt and equity solutions, and advances our member countries’ energy agenda, by fostering the development of the local energy value chains in the MENA region and beyond.”

 

Stephen Hendel, Founding Managing Director of Hartree Partners, added: "We are proud to launch this platform alongside a long-term and trusted partner in The Arab Energy Fund. Together, our unique competencies will combine to expertly source, evaluate, and support transformational cleantech innovations, on a global scale."

 

The platform already manages a portfolio of ten companies, having previously collaborated with leading investors such as BlackRock, Microsoft, and Union Square Ventures. These investments aim to accelerate the development of innovative decarbonisation solutions, reinforcing The Arab Energy Fund’s position as a global leader in sustainable energy financing.

 

The Arab Energy Fund and Hartree Partners are leveraging the platform to accelerate growth in the global cleantech space. This collaboration aims to expand the platform's scale and scope, targeting additional investments in innovative companies poised to drive transformative changes in the global cleantech ecosystem.

 

This collaboration also strengthens The Arab Energy Fund’s leadership in sustainable investment across the MENA region and beyond. For companies seeking investment, please contact George Potts or Peter Gutman at Hartree Partners. -TradeArabia news Service