Reserve Fund IV · 2028 Vintage

Alzaro Reserve Fund IV

LP Liquidity and Co-Investment Reserve — a platform support vehicle sized to sustain the reserve needs of Alzaro's operator-led energy infrastructure portfolio.

$11.51B

Fund Size

Support Vehicle

Vehicle Type

$2M

Minimum Commitment

In Formation

Deployment Status

Strategy

Investment thesis

Alzaro Reserve Fund IV holds reserve capital to support limited partner liquidity needs and platform co-investment opportunities. This vehicle funds follow-on capital for co-investment alongside existing portfolio assets and provides a liquidity buffer that supports the platform's ability to act on time-sensitive opportunities without disrupting capital plans across other funds. It does not hold project-level investment positions on a standalone basis; it provides the flexible reserve capacity that supports the broader platform.

Coverage

Target asset types

Co-investment capital alongside existing portfolio assets
Limited partner liquidity support and distribution timing flexibility
Follow-on capital for time-sensitive platform opportunities
Cross-fund capital reserve and contingency support

Role within the platform

Alzaro Reserve Fund IV Role

Alzaro Reserve Fund IV is a support vehicle, not a project-investment fund. It reserves capital to support limited partner liquidity and platform co-investment opportunities across the Alzaro platform's investment funds.

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.

Contact Investor Relations