IKAV
Also known as IKAV Group, IKAV Capital Partners GmbH, IKAV SICAV-FIS SCA, ecoprime GmbH
Hamburg-founded (2010) energy-infrastructure asset manager investing institutional capital in solar, CSP, wind, geothermal, gas peakers and upstream; reports EUR 4.75bn AUM.
Hamburg-founded energy-infrastructure asset management group (est. 2010). Its funds are Luxembourg SICAV-FIS sub-funds with an external AIFM; ecoprime GmbH is the group's investment advisor.
- HEADQUARTERS
- Hamburg, Germany
- FOUNDED
- 2010
- AUM
- €4.8B (2026)
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 4 people
Focus
- STAGES
- Buyout
- ASSET MIX
- Private equityPrivate creditImpact
- GEOGRAPHY
- EuropeNorth America
Investment arms & vehicles
- Luxembourg fund (CSSF-regulated) with sub-funds incl. Global Energy, Global PV Investments, Global Energy Infrastructure, IDI I–III and IEI I–II, represented by IKAV General Partner S.à r.l.
- Investment advisor and asset manager to the fund and to third parties, operating through local affiliates
Overview
IKAV is an international asset management group established in Hamburg in 2010 that provides institutional investors with investment solutions in energy infrastructure: PV, concentrated solar power, wind, energy efficiency, geothermal, thermal power plants and upstream oil and gas. It describes itself as a vertically integrated buy-and-hold investor, reports EUR 4.75bn of assets under management, 50+ transactions since 2010 and about 350 professionals across 14 offices in 7 countries. Its funds are sub-funds of the Luxembourg IKAV SICAV-FIS SCA, with ecoprime GmbH acting as investment advisor and asset manager. Milestones include BP's pan-European solar portfolio (2012), German geothermal plants (from 2019), BP's San Juan gas assets (2019/2020), Metaenergia/IME Power (2021) and a 51% stake in Aera Energy (2023), merged into California Resources Corporation in 2024.
Investment thesis
Long-term buy-and-hold investment in renewable and conventional energy infrastructure with strong cash yields, combining asset origination, structuring, engineering, EPCM and O&M in-house through centres of competence, and advocating co-existence of renewable and conventional energy for an affordable, reliable energy transition.
PORTFOLIO (11)
- Aera Energy (now part of California Resources Corporation)NOTABLEIndustrial & Manufacturing · since 2023 · Merged into California Resources Corporation (2024)
- IME Power (formerly Metaenergia)Industrial & Manufacturing · since 2021
- GeoEnergie Taufkirchen (geothermal)Climate & Energy · since 2019
- Geothermal LandauClimate & Energy · since 2019
- San Juan gas assets (ex-BP, Colorado/New Mexico)Industrial & Manufacturing · since 2019
- CSP Partanna and Trapani (Sicily)Climate & Energy · since 2017
- Italian wind portfolio (incl. Agriesti)Climate & Energy · since 2017
- Iberian solar portfolio (ex-BayWa)Climate & Energy · since 2015
- Pan-European solar portfolio (ex-BP Solar)Climate & Energy · since 2012
- Italian solar portfolio (ex-Soventix)Climate & Energy · since 2011
- IKAV PACE (US energy-efficiency financing)Climate & Energy
People
Links
Frequently asked questions
IKAV is a private equity fund based in Hamburg, Germany, founded in 2010.
Yes. IKAV invests its own capital in private companies.
IKAV invests at Buyout stage in Climate & Energy and Industrial & Manufacturing.
Key people at IKAV include Constantin von Wasserschleben (Chairman), Evelin Fölster (Managing Director, IKAV Capital Partners GmbH), Bobby Saadati (Leads the US team) and Manuel Gámez (Investment Director, IKAV Energy Spain).
IKAV's investments include Aera Energy (now part of California Resources Corporation), IME Power (formerly Metaenergia), GeoEnergie Taufkirchen (geothermal), Geothermal Landau, San Juan gas assets (ex-BP, Colorado/New Mexico), CSP Partanna and Trapani (Sicily), Italian wind portfolio (incl. Agriesti) and Iberian solar portfolio (ex-BayWa), among others.
The most recent publicly reported investment by IKAV is Forestalia (767MW wind and PV portfolio, Spain) (EUR 65m pre-construction debt financing), announced in Jul 2023.
Yes. IKAV manages capital from outside investors.