Investment Fund 18 · 2028 Vintage · Core IV

Core IV


Stabilized, income-producing assets with low leverage. — targeting a net IRR of 13–18% across contracted, operator-led energy assets.

$4.83B
Fund Size
13–18%
Net IRR Target
$2M
Minimum Commitment
In Formation
Deployment Status
Strategy

Investment thesis

Stabilized, income-producing assets with low leverage. This vintage targets institutional-quality assets with defined risk-return profiles aligned with LP mandates for long-duration exposure to the renewable energy platform.

Coverage

Target asset types

  • Operating, contracted utility-scale renewable generation
  • Long-term power-purchase agreements with investment-grade counterparties
  • Low-leverage, income-producing infrastructure
  • Assets with minimal construction or development risk
Sample deal profile

Contracted Solar & Storage Core Portfolio

A 900 MW portfolio of operating, contracted utility-scale solar assets with 15-plus year investment-grade offtake and minimal construction risk, acquired at stabilized, low-leverage valuations.

Representative, illustrative profile of the asset type this fund targets. Not an offer, commitment, or existing holding.

Fees & terms

Vehicle summary

VehicleDelaware limited partnership
Preferred return8% compounded annually
Carried interest20% above 8% pref (100% GP catch-up)
Fund term12–15 years + two 1-year extensions
Investment period5–6 years
Minimum LP commitment$2 million
GP commitment2% of total fund commitments
Distribution waterfallEuropean (whole-fund)
Fund administratorIndependent third-party administrator (to be appointed)
AuditorPricewaterhouseCoopers LLP
Legal counselLepore Law Group
We size each fund to the durability of its cash flows, not the appetite of the moment. Concentration follows conviction, and conviction follows underwriting.
Alzaro Energy Investment Committee

Talk to our investor relations team

For fund materials, capital account information, and partnership inquiries, reach Alzaro Energy directly.

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