NewVest to announce the world’s first Private Energy Transition Funds Index at Abu Dhabi Finance Week.
About NewVest:
investors with diversified, passive exposure to private market asset classes. NewVest believes
its product suite allows investors to access private markets in an efficient and scalable manner and supports their ability to optimize portfolio construction. The firm is headquartered in
New York and is an SEC Registered Investment Advisor. For more information, please visit www.newvest.com.
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NewVest’s Green Energy Transition Private Index Fund (“GET-PIF”) is expected to be NewVest’s third product, following the successful launch of its Private Equity 50 Index and Private Debt 50 Index
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Investors are anticipated to benefit from attractive returns, lower risk, diversification, efficiency, and mitigation of adverse fund selection
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Aims to provide access to some of the largest green energy transition private funds globally in a single holding
[Abu Dhabi / New York] 30 November 2023 - NewVest is excited to announce at Abu Dhabi Finance Week (ADFW) that it will be establishing the world’s first Private Energy Transition Funds Index. This is expected to be NewVest’s third passive index product, following its successful launch of the first-of-their-kind private markets index funds – the Private Equity 50 Index and the Private Debt 50 Index – earlier this year.
NewVest intends the GET-PIF product line to be a capital gateway for private investments critical to successful energy transition and to therefore have an important amplifying effect on the availability of capital from investors globally. During 2024, NewVest intends to both raise capital for GET-PIF and deploy commitments to some of the world’s largest green energy transition private funds. These private funds are targeting to raise in aggregate over 100 billion US dollars and to invest across a broad range of energy transition themes from renewable energy, green hydrogen, energy storage, biofuels, through nuclear energy and decarbonization tech to electrification, EV infrastructure, waste to energy, energy efficiency and more.
NewVest founder and CEO Edward Talmor-Gera said, “We’re thrilled to announce at ADFW that our next product – which we intend to organize in ADGM – will be focused on global private capital for the energy transition. We appreciate the collaboration with ADIO and believe establishing a strong business presence in ADGM will be an important driver of NewVest’s continued growth.”
NewVest’s Director of Climate Strategy, Ariel Ezrahi, noted, “We believe the innovative nature of NewVest as a passive investment tool for “buying the private market” will be a game changer in the climate finance space, providing a much-needed better-access at scale for mobilizing finance to the private companies who are actually coming up with the innovations needed for a successful energy transition.”
ADIO is the catalyst responsible for enabling investment into key sectors of Abu Dhabi’s economy and provides a comprehensive range of growth-enabling support, including setup enablement, incentives, and connections to the Abu Dhabi ecosystem.
Massimo Falcioni, Chief Competitiveness Officer at ADIO, said, “We always look to collaborate with companies that enhance capabilities in key sectors aligned with Abu Dhabi’s ESG and sustainability goals. ADIO is pleased to welcome NewVest to Abu Dhabi’s ecosystem