Exclusive: Former Eurazeo CEO targets over €500m for European climate fund
21 apr. 2026
03:00
Ardabelle Capital aims to close its first fund at over €500m, with new LPs recently onboarded.
However, the Paris-based firm is raising in a tough market, especially for impact -focused funds.
"In terms of fundraising, I haven't seen anything like this in over 25 years," Virginie Morgon, founding partner and the ex-CEO of Eurazeo, tells Impact Loop.
However, the Paris-based firm is raising in a tough market, especially for impact -focused funds.
"In terms of fundraising, I haven't seen anything like this in over 25 years," Virginie Morgon, founding partner and the ex-CEO of Eurazeo, tells Impact Loop.
Ardabelle Capital, the Paris-based private equity firm co-founded by former Eurazeo chief executive Virginie Morgon, is targeting over €500m for its debut climate fund, Morgon tells Impact Loop.
The firm held a first close in November 2025. Bloomberg previously reported the figure at around €250m. Morgon did not confirm the exact amount but said the fund has already exceeded it.