Aleric Capital, the Zurich-headquartered fund manager responsible for over €780 million in assets, has launched its Energy Opportunities Fund, a new initiative aimed at advancing energy-sector investment across Mexico, the United States and Canada.
The newly created platform will centre on essential energy systems, power transmission assets and transitional energy developments, targeting regions where infrastructure has remained underfunded or structurally overlooked.
Its introduction coincides with a growing reliance on private finance to address structural investment gaps throughout the Americas. The Inter-American Development Bank reports that Latin America alone faces a shortfall of more than $2.2 trillion in infrastructure funding over the coming decade, translating to upward of 3% of annual GDP.
The United States continues to grapple with ageing assets that weigh heavily on economic performance, while comparable deficiencies persist within Canada’s underserved territories.
“The Americas represent one of the most compelling energy investment opportunities globally,” said Nicolas Petras, Partner at Aleric Capital. “We see significant unmet demand for patient, disciplined capital in sectors and geographies that have historically been underserved. Our experience has demonstrated that well-structured public-private partnerships, backed by rigorous financial analysis and operational expertise, can deliver strong returns while creating tangible economic value for communities.”
The fund’s creation extends Aleric Capital’s established record in overseeing sophisticated infrastructure investments. The firm currently operates a Renewable Infrastructure Fund focusing on major solar, wind and transmission ventures, a Residential Growth Fund supporting high-quality living developments, and this new Energy Opportunities Fund covering the wider energy landscape.
Having invested across various jurisdictions, the firm has acquired considerable experience in regulatory engagement, risk control during construction phases and alliances with capable operators to ensure reliable long-term performance.
The new fund will incorporate these capabilities while adapting them to the diverse regulatory, commercial and cultural environments within the Americas, where projects frequently involve early-stage development and intricate stakeholder coordination.
Aleric Capital will channel capital into sectors where demand has consistently outpaced supply due to limited public expenditure or minimal private involvement. Key areas of focus include:
Energy Transmission and Storage: With renewable generation increasing sharply, the need for modern transmission lines and battery or grid-level storage has become pressing. These enabling assets typically offer dependable returns, inflation-linked revenue and strategic value.
Transitional Energy Infrastructure: Assets involving natural gas, upgraded grid systems and hybrid solutions remain critical for supporting the region’s energy stability as it transitions toward decarbonisation over the long term.
Digital Infrastructure: Rising data consumption has driven strong demand for high-capacity fibre networks, data centres and telecom systems, particularly in emerging regional markets and cross-border connectivity routes.
Transportation and Connectivity: Investment in roads, bridges and freight infrastructure remains essential for unlocking regional growth. Mexico’s “Caminos del Sur” programme, spanning more than 1,600 kilometres of road improvements, exemplifies the potential scale of these opportunities.
A disciplined investment strategy will guide Aleric Capital’s entry into the Americas. Each project will undergo detailed assessment, with criteria covering commercial fundamentals, asset resilience, revenue certainty and long-term exit pathways.
The firm seeks enhanced, risk-adjusted returns on development-stage opportunities and stable, inflation-protected yields from income-generating infrastructure.
“We are not coming into this market with a template,” Petras added. “Every region has its own regulatory context, its own infrastructure priorities and its own network of capable operators. Our role is to bring capital, analytical rigor and a long-term perspective, while partnering with local stakeholders who possess the expertise and relationships essential for successful execution.”
Discussing the strategy further, Laurent Dubois, who oversees Aleric Capital’s expansion into the Americas, stressed the significance of regional alignment. “Entering the dynamic energy sector in North America, especially when it comes to underdeveloped opportunities, requires deep local insight,” said Laurent Dubois.
“Which is why we’re proud to join hands with trusted regional partners and expert advisors. Their experience ensures that we approach each project with cultural alignment, technical rigour, and long-term commitment.” This integrated approach will guide the firm as it scales its activities across the Atlantic.
The firm has begun exploring potential partnerships with co-investors, developers and public-sector bodies throughout the targeted regions, especially those managing projects that are nearing maturity but require strong financial expertise to reach commercial signing.
