Exchange-affiliated EAAA Alternatives raises $60 million from the EIB for an energy transition fund

EAAA Alternatives, formerly known as Edelweiss Alternatives, has raised a $60 million commitment from the European Investment Bank (EIB) for its India Energy Transition Fund, which targets a corpus of $300 million.

The fund will be used for investments in renewable energy, energy storage, electric mobility and other green infrastructure assets.

“The fund has a target size of $300 million and will channel equities and quasi-equities into greenfield infrastructure projects and growth-stage companies,” the company said. “Most commitments will go to climate action and environmental sustainability, including renewable energy, energy efficiency, transmission, battery energy storage and electric vehicles, including potentially supporting sectors of the circular economy such as recycling and wastewater management.”
The EIB capital injection comes as EAAA Alternatives prepares for an initial public offering, which is expected to make it one of the first homegrown alternative asset managers to tap the public markets. The company had first filed draft listing papers with the capital market regulator in December 2024. The IPO is likely to provide an exit route for existing investors.

EAAA Alternatives, part of the Edelweiss Group, manages private credit, real estate and infrastructure assets and is expanding its investor base across global institutions ahead of its stock market listing. It has 15 years of experience managing assets under management worth approximately $7.3 billion as of June 30, 2025.