French private equity firm Eurazeo has won this year's infrastructure fund of the year for its maiden sustainable investment infrastructure fund, Eurazeo Transition Infrastructure Fund (ETIF).

The fund's objective is to invest in low-carbon and transition infrastructure companies, across the energy transition, digital transition, clean transport and circular economy themes. To date, it has developed a portfolio of six companies in that space.

Although the fund is continuing to fundraise, it has secured capital commitments from a range of European and US-based institutional investors materially above the target size of €500 million ($536 million).

ETIF will monitor the actual volume of carbon dioxide equivalent avoided emissions and seek to enhance the portfolio companies' commitments to align with the Paris Agreement. It will also encourage portfolio companies to align their activities with the EU Taxonomy. The fund is classified Article 9 under EU SFDR.

"Receiving this award is a great honour for Eurazeo and a testament to Eurazeo Transition Infrastructure Fund's ambition to support the transition to a low-carbon economy while delivering superior risk adjusted financial performance," Laurent Chatelin, partner and head of infrastructure at Eurazeo, told Environmental Finance.

"We are grateful for the support of our investors who have entrusted us to deploy their capital across the transition infrastructure space and to deliver a portfolio of sustainable assets bringing long term value to communities and the environment."