Dalma Capital and Exergy Capital establish first Sharia-compliant investment fund for global energy transition
Exergy Capital, an advanced energy investment firm, and Dalma Capital Management, a prominent alternative investment fund accelerator in the Dubai International Financial Centre, have established the world’s first Sharia-compliant investment strategy to develop the infrastructure and technology required to reshape the energy value chain.
The investment strategy seeks to generate attractive risk-adjusted returns by investing in real assets, infrastructure and companies which have developed innovative technologies, products and services throughout the energy value chain, predominantly in Europe. It pursues a private equity style investment strategy generating capital gains for investors and focusing on uncrowded niches in the energy and interconnected sectors.
The current global energy transition is driving an “inevitable geopolitical shift” and creating “unique opportunities not seen in generations,” according to Dr. Erich Becker, Founder and Managing Partner of London-based Exergy. Exergy is backed by Winton Group, a global investment management and data science company.
Dr. Becker observes: “The global energy transition is underway and affecting the entire energy value chain from energy firms, their providers, suppliers and financiers, to end-users. The drivers include the need to decarbonise, as well as mounting pressures on and an increasing appetite for electrification and digitisation.
“The next few years of the transition are critical. Investors will need to understand the unique opportunities as they are unlikely to come around again.”
Zachary Cefaratti, CEO at Dalma Capital, explains: “Investing in energy of the future provides a hedge to fossil fuel economies, benefiting investors in the Middle East and beyond who are either directly or indirectly exposed to the conventional energy value chain.
He continues: “The ESG Investment thesis [environmental, social and governance] is well aligned with Sharia principles – together with Dalma Capital’s Islamic Window this will provide the first Sharia and ESG Compliant Energy Transition Private Equity structure globally.”
About Dalma Capital:
Dalma (DIFC) is an alternative investment accelerator and investment advisory firm focused on alternative investments and innovative financial products. The company primarily serves institutions, family offices and corporations – managing their alternative investments and advising on innovative financial products, including Islamic Investment Solutions, with a focus on Alpha generating strategies.
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About Exergy Capital:
Exergy is an ESG-rated London-based private equity firm pursuing an advanced energy investment approach focused on the infrastructure and businesses that are driving the global energy transition, a structural shift towards sustainable and low-carbon energy. Its team comprises of energy sector experts, combining engineering backgrounds with experience at leading financial institutions such as Goldman Sachs, Macquarie and Och-Ziff. Exergy is led by Dr Erich Becker and backed by Winton Group.
About Winton Group:
Winton is a global investment management and data science company. Founded in 1997 by CEO David Harding, Winton’s business utilises computing technology to apply mathematical and statistical methods to the field of investing. The firm aims to help savers and institutional clients meet their investing goals by building intelligent, long-term investment systems that evolve as markets change.
Winton employs approximately 300 people in eight offices around the world and manages more than $20 billion of assets for many of the world’s largest pension funds, sovereign wealth funds, banks and fund platforms.