France-based investment firm Eurazeo has announced a €175 million first closing for its Eurazeo Sustainable Maritime Infrastructure II (ESMI II) fund, exceeding its initial €125 million target and moving toward a final target size of €400 million.
Launched in December 2025, the fund will provide senior secured, asset-backed financing to support the decarbonisation and energy transition of Europe’s maritime sector. It will focus on marine transport, offshore renewable energy and port infrastructure, targeting small and mid-sized shipowners and maritime stakeholders facing significant capital requirements linked to environmental regulation and fleet modernisation.
Eurazeo said the first closing was followed by two investments completed within six weeks of launch, including financing for two new eco-friendly vessels for Dutch shipowner Longship Group. The fund is expected to support around 20–30 European operators and maritime businesses.
ESMI II builds on the firm’s earlier ESMI I vehicle, which was structured as an Article 9 fund under EU sustainable finance rules. The new fund will similarly aim to deliver measurable emissions reductions and efficiency gains while offering long-term returns for investors.
The fund is supported by a group of European institutional investors including the European Investment Fund, MAIF, SURAVENIR, AG2R LA MONDIALE and L’Auxiliaire. Eurazeo is advised by maritime investment specialist Elbe Financial Solutions.
