- First open-end retail investor impact fund for tangible assets in Germany
- Rapid portfolio expansion since its inception in 2020: Currently 33 operational wind and solar parks and ten solar park project developments in five countries
- Electricity generation in the 2021/2022 financial year covers the calculated demand of more than 200,000 households
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Featured Benefits
Two years after its launch, the tangible assets fund Klimavest reached an equity volume of one billion euros. The portfolio of the Commerz Real renewable energy fund currently comprises 33 operational wind and solar parks as well as ten solar park project developments in Germany, France, Spain, Finland and Sweden. "Distributors and retail investors are reflecting continued demand for investments in renewable energy. Given the high importance of a renewable energy supply in Europe, we expect a further acceleration of the energy transition and new attractive investment opportunities for investors," says Timo Werner, fund manager of Klimavest.
Given the high importance of renewable energy supply in Europe, we expect the energy transition to accelerate further and new attractive investment opportunities for investors.
Timo Werner
klimaVest fund manager since the first hour in 2020
klimaVest is a “European Long-Term Investment Fund” (ELTIF) and aims to build up a broad portfolio of investments for the generation of renewable energies as well as from sustainable infrastructure. In the medium term, the open-ended fund is expected to reach a volume of ten billion euros. klimaVest invests in tangible assets that make a demonstrable contribution to avoiding greenhouse gas emissions. In doing so, the Fund takes into account the sustainability parameters in accordance with the applicable EU Taxonomy Regulation and the transparency requirements for an impact fund in accordance with the EU Disclosure Regulation. The fund management aims to achieve a return (using the BVI method) of between 3.5% and 4.5% for the calendar year 2023. Investors can participate from 10,000 euros and receive regular reports on the climate impact achieved by the assets in the fund in addition to their performance. An investment horizon of at least five years is recommended. Units in the open-end fund can be redeemed on any trading day at the net asset value. In the past fund financial year 2021/2022, the existing plants generated a total of 661 gigawatt hours of green electricity. According to data from the Federal Statistical Office, this quantity corresponds to the electricity requirements of more than 200,000 German households. Further information about the fund can be found at www.klimavest.de.
About Commerz Real
Commerz Real AG is the asset manager of the Commerzbank Group and has 50 years of international market experience. The company combines extensive know-how in asset management with broad structuring expertise and uses this expertise to develop tangible asset-oriented fund products and individual investment solutions in the real estate and infrastructure sectors. As a leasing service provider of Commerzbank, Commerz Real Mobilienleasing also offers needs-based leasing concepts.
Since 2025, the Commerzbank Group’s asset management holdings have been bundled with Commerz Real AG. In addition to Commerz Real’s brands and products, these include the Aquila Capital investment company with a focus on sustainable tangible asset investments in the area of energy infrastructure and Yellowfin as a boutique for liquid investment strategies. Under the umbrella of Commerz Real AG, a total of around 1,000 employees manage assets of around EUR 55 billion at around 20 locations.
