Thirty-seven consolidated fund vehicles across two vintages.
Alzaro’s platform consolidates capital into scaled, institutional-quality investment vehicles across the 2026 and 2028 vintages. Twenty-nine investment funds ($195.58B), four operations funds ($27.94B), and four reserve funds ($55.88B). Delaware LP structure, 8% preferred return, 20% carry with 100% GP catch-up, 12–15 year term, $2M minimum commitment.
2026 Vintage · 14 funds · $164.356B
Investment Funds
Solar & Wind Generation
Utility-scale solar and onshore/offshore wind, and contracted renewable generation offtake; also covering brick-and-mortar buildings, hiring, administration, legal, due diligence, and platform launch expenditures.
$18.84B · Net IRR 13–18%
Explore fund Fund 2 · Investment · 2026Dispatchable Renewables
Dispatchable renewable generation including hydro, geothermal, and pumped storage.
$11.50B · Net IRR 13–18%
Explore fund Fund 3 · Investment · 2026Grid & Transmission
High-voltage transmission infrastructure and grid modernization projects.
$13.60B · Net IRR 13–18%
Explore fund Fund 4 · Investment · 2026Distributed Energy & Microgrids
Distributed energy resources, microgrids, district energy networks, and industrial cogeneration and energy efficiency.
$11.50B · Net IRR 13–18%
Explore fund Fund 5 · Investment · 2026Energy Storage
Grid-scale battery energy storage and compressed air storage systems.
$12.55B · Net IRR 13–18%
Explore fund Fund 6 · Investment · 2026Smart Grid Technology
Smart grid technology, energy management software, and energy trading and risk management platforms.
$7.32B · Net IRR 13–18%
Explore fund Fund 7 · Investment · 2026Natural Gas Midstream & LNG
Natural gas midstream infrastructure, LNG infrastructure, and natural gas liquefaction.
$13.60B · Net IRR 13–18%
Explore fund Fund 8 · Investment · 2026Nuclear Power
Nuclear power operations and advanced reactor development.
$7.32B · Net IRR 13–18%
Explore fund Fund 9 · Investment · 2026Decarbonization & New Energy
Voluntary and compliance carbon markets, green hydrogen production and distribution, and carbon capture, utilization and sequestration.
$11.50B · Net IRR 13–18%
Explore fund Fund 10 · Investment · 2026Utility Platform & Electrification
Rural electric cooperative and municipal utility acquisitions, and electric vehicle charging infrastructure.
$7.32B · Net IRR 13–18%
Explore fundOperations Funds
2028 Vintage · 23 funds · $115.049B
Investment Funds
Core I
Stabilized, income-producing assets with low leverage.
$4.83B · Net IRR 13–18%
Explore fund Fund 16 · Investment · 2028Core II
Stabilized, income-producing assets with low leverage.
$4.83B · Net IRR 13–18%
Explore fund Fund 17 · Investment · 2028Core III
Stabilized, income-producing assets with low leverage.
$4.83B · Net IRR 13–18%
Explore fund Fund 18 · Investment · 2028Core IV
Stabilized, income-producing assets with low leverage.
$4.83B · Net IRR 13–18%
Explore fund Fund 19 · Investment · 2028Core V
Stabilized, income-producing assets with low leverage.
$4.83B · Net IRR 13–18%
Explore fund Fund 20 · Investment · 2028Core-Plus I
Stabilized assets with light value-add and modest leverage.
$4.03B · Net IRR 13–18%
Explore fund Fund 21 · Investment · 2028Core-Plus II
Stabilized assets with light value-add and modest leverage.
$4.03B · Net IRR 13–18%
Explore fund Fund 22 · Investment · 2028Value-Add I
Repositioning, operational improvement, moderate risk.
$4.03B · Net IRR 13–18%
Explore fund Fund 23 · Investment · 2028Value-Add II
Repositioning, operational improvement, moderate risk.
$4.03B · Net IRR 13–18%
Explore fund Fund 24 · Investment · 2028Value-Add III
Repositioning, operational improvement, moderate risk.
$4.03B · Net IRR 13–18%
Explore fund Fund 25 · Investment · 2028Growth I
Growth equity into scaling operators and platforms.
$4.03B · Net IRR 13–18%
Explore fund Fund 26 · Investment · 2028Growth II
Growth equity into scaling operators and platforms.
$4.03B · Net IRR 13–18%
Explore fund Fund 27 · Investment · 2028Growth III
Growth equity into scaling operators and platforms.
$4.03B · Net IRR 13–18%
Explore fund Fund 28 · Investment · 2028Opportunistic I
Higher-risk development, distressed, and high-return situations.
$4.03B · Net IRR 13–18%
Explore fund Fund 29 · Investment · 2028Opportunistic II
Higher-risk development, distressed, and high-return situations.
$4.03B · Net IRR 13–18%
Explore fund Fund 30 · Investment · 2028Opportunistic III
Higher-risk development, distressed, and high-return situations.
$4.03B · Net IRR 13–18%
Explore fund Fund 31 · Investment · 2028Opportunistic IV
Higher-risk development, distressed, and high-return situations.
$4.03B · Net IRR 13–18%
Explore fund Fund 32 · Investment · 2028Special Situations I
Complex, dislocated, and event-driven investments.
$4.03B · Net IRR 13–18%
Explore fund Fund 33 · Investment · 2028Special Situations II
Complex, dislocated, and event-driven investments.
$4.03B · Net IRR 13–18%
Explore fundOperations Funds
Talk to our investor relations team
For fund materials, capital account information, and partnership inquiries, reach Alzaro Energy directly.
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