Mirova Acquires 100% SunFunder Equity

Paris-based asset management company Mirova has announced that it has acquired 100% of SunFunder’s equity. SunFunder’s teams and expertise will strengthen its local investment and execution capabilities for its private assets strategies.

SunFunder’s experienced and diverse team of 38 people team will be retained to keep expanding their high-impact energy transition work and, together with Mirova, build a broader emerging markets platform dedicated to clean energy and climate investments.

The company’s business objectives align perfectly with Mirova's aim to become a global leader in energy transition financing and complement its impact investment solutions offering by enhancing its debt financing expertise and in-depth knowledge of emerging markets.

"In order to thoroughly address the challenges that come with the fight against global warming and social inequalities, having a local presence in emerging countries is critical. We are delighted that SunFunder's teams, with their proven experience and expertise, are joining us," said Philippe Zaouati, CEO, Mirova. "Together, we will pursue our efforts to meet the needs of the real economy and increase the impact of our investments.”

Audrey Desiderato and Ryan Levinson, Co-Founders, SunFunder, added: "We couldn’t imagine a better partner to join forces with than Mirova, a company with a mission and strong culture of impact that we share. We’ve heard a lot of talk about ESG1 investment, but there are very few companies like Mirova and SunFunder leading the pack with 100% truly sustainable investments. Together we will become the leading clean energy and climate investor in emerging markets, through bold new investments with real impact.”

Tim Ryan, CEO, Natixis Investment Managers, said: "This acquisition is an important step for our affiliate Mirova, which falls within our 2024 strategic plan, and contributes to strengthening Natixis Investment Managers' private and alternative asset offering. Our clients around the world looking for diversification and sustainable sources of return will now have easier access to impact investments in emerging markets.”