Aquila Capital
Asset-management subsidiary (Commerzbank holds 74.9%; grouped under Commerz Real AG since 2025) of Commerz Real AG (Commerzbank group)
Also known as Aquila Capital Investmentgesellschaft mbH, ACI
BaFin-supervised Hamburg KVG managing renewable-energy, battery-storage, data-centre and logistics funds for 300+ mainly institutional clients; 74.9% owned by Commerzbank since 2024.
This record is the Hamburg fund manager Aquila Capital Investmentgesellschaft mbH, 74.9% owned by Commerzbank since 2024. The Aquila Group, which kept 25.1% and runs project development (e.g. Aquila Clean Energy), is a separate company.
- HEADQUARTERS
- Hamburg, Germany
- FOUNDED
- 2001
- AUM
- —
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 6 people
Focus
- STAGES
- Growth
- ASSET MIX
- Private equityReal estateImpact
- GEOGRAPHY
- Europe
Overview
Aquila Capital Investmentgesellschaft mbH is a Hamburg-based capital management company (KVG) specialising in sustainable real assets, with renewable energy at its core, plus battery storage, data centres, energy efficiency, green logistics, forestry and residential. The business dates back to 2001 and, per Commerzbank, served more than 300 mainly institutional clients with about 200 staff when Commerzbank agreed in January 2024 to buy 74.9% from the Aquila Group, which kept 25.1%. Its products include the AC One Planet ELTIF, launched in March 2024 as Europe's first ELTIF 2.0, the Aquila Capital Southern European Logistics Fund (ACSEL) and the Energy Transition Fund I, an Article 9 value-add infrastructure fund with a EUR 600m target launched in February 2025.
Investment thesis
Invests professional and retail investors' capital in 'essential' real assets supporting the energy transition: renewable generation, battery storage, decentralised energy and supporting infrastructure, plus sustainable logistics and data centres.
PORTFOLIO (3)
- Ohlensehlen BESS (Energy Transition Fund I)Climate & Energy · since 2025
- Logistics complex in Gandra, Greater Porto (ACSEL)Real Estate & PropTech · since 2024
- Wetzen battery storage (AC One Planet ELTIF)Climate & Energy
People
Links
Frequently asked questions
Aquila Capital is a private equity fund based in Hamburg, Germany, founded in 2001.
Yes. Aquila Capital invests its own capital in private companies.
Aquila Capital invests at Growth stage in Climate & Energy and Real Estate & PropTech.
Key people at Aquila Capital include Dr. Florian Becker (Chief Executive Officer), Michael Hacker (Chief Financial Officer), Lars Kühne (Chief Risk Officer) and Markus Wandt (Chief Investment Officer).
Aquila Capital's investments include Ohlensehlen BESS (Energy Transition Fund I), Logistics complex in Gandra, Greater Porto (ACSEL) and Wetzen battery storage (AC One Planet ELTIF).
The most recent publicly reported investment by Aquila Capital is Ohlensehlen battery storage project (56 MW / 112 MWh), first investment of Energy Transition Fund I (Infrastructure equity (EUR 50m)), announced in Feb 2025.
Yes. Aquila Capital manages capital from outside investors.