Macquarie’s Green Energy Transition Solutions Fund exceeds $3B in fund and co-investment commitments
12 investments already secured across sectors including battery storage, SAF, EV batteries, and circular economy
$405M secured for fleet electrification in India through co-investment in Vertelo platform
Macquarie Finalizes $3B Green Energy Transition Fund with Global Investor Backing
Macquarie Asset Management has reached final close on its Green Energy Transition Solutions (MGETS) Fund, securing over $3 billion in fund and co-investment commitments to scale energy transition infrastructure globally.
The MGETS platform targets mid-stage opportunities beyond traditional renewables, investing across storage, clean fuels, distributed energy, electrified transport, carbon capture, and circular economy solutions. With $2.4 billion raised for the fund itself and $647 million in additional co-investment, Macquarie now holds one of the sector’s largest dedicated energy transition portfolios.
Global Portfolio Already Two-Thirds Committed
Twelve investments have already been closed, with more than 65% of the fund deployed. Notable portfolio companies include:
Eku Energy – battery storage projects across Europe and APAC
SkyNRG – sustainable aviation fuel platforms globally
Calibrant Energy – distributed clean energy services in North America
Verkor – EV battery manufacturing in France
This early activity gives MGETS a diversified foundation across geographies, technologies, and revenue models.
India in Focus: $405M Mobilized for Fleet Electrification
One of the largest co-investments in the fund was structured around Vertelo, a commercial fleet electrification platform in India. Macquarie secured $405 million for a dedicated investment vehicle, with $133 million committed from MGETS directly. The initiative blends commercial capital with concessional financing to deliver large-scale decarbonization in one of the world’s fastest-growing markets.
RELATED ARTICLE: Macquarie Raises $405M for Vertelo to Accelerate India’s EV Transition
Investors Spanning EMEA, APAC, and the Americas
The fund exceeded its $2 billion target and drew backing from pension funds, sovereign wealth funds, insurers, and asset managers across all major regions. Its flexible co-investment structure is designed to accommodate the scale of follow-on capital required by energy transition assets.
Chris Archer, Executive Director at Macquarie Asset Management, said:
“The significant investment requirements of the global energy transition present an opportunity to build the infrastructure of tomorrow while delivering attractive risk-adjusted returns. Drawing on our global asset management expertise and green investment capabilities, we are proud to support the growth and de-risking of critical solutions and bring them to scale.”
Two Decades of Climate Investment Strategy
Macquarie’s Green Investment team manages $17 billion in energy transition assets and supports over 30 portfolio companies worldwide. The group’s first renewables investments date back to 2005, positioning it as one of the longest-standing institutional players in the climate finance arena.
As governments and corporations seek credible, large-scale financing vehicles to meet decarbonization goals, MGETS’ final close reinforces the increasing institutional appetite for diversified, transition-stage infrastructure—and the role global asset managers will play in shaping it.
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