Investment Fund 30 · 2028 Vintage · Opportunistic III

Opportunistic III


Higher-risk development, distressed, and high-return situations. — targeting a net IRR of 13–18% across contracted, operator-led energy assets.

$4.03B
Fund Size
13–18%
Net IRR Target
$2M
Minimum Commitment
In Formation
Deployment Status
Strategy

Investment thesis

Higher-risk development, distressed, and high-return situations. 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

  • Distressed or dislocated energy infrastructure assets
  • Development-stage projects requiring recapitalization
  • High-return situations with elevated execution risk
  • Special-situation acquisitions across the capital structure
Sample deal profile

Distressed Transmission Asset Recapitalization

A partially constructed high-voltage transmission line acquired out of a distressed capital structure, recapitalized to complete construction and secure a long-term cost-of-service revenue framework.

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

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

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