Database/Meridian Climate Ventures II
VCF003 · Vintage 2022Open

Meridian Climate Ventures II

Meridian Sustainable Capital

Article 9 climate fund deploying into industrial decarbonisation, grid software, and circular materials. EU Taxonomy aligned.

Venture CapitalSeries A/B — Climate TechEuropeGlobalArticle 9
Performance · since vintage

Net TVPI multiple

1.32x
+3.8pp vs benchmark
QuarterNet IRRNet TVPINet DPI
2024 Q19.5%1.06x0.02x
2024 Q217.4%1.19x0.02x
2024 Q314.7%1.11x0.02x
2024 Q416.8%1.19x0.03x
2025 Q113.1%1.36x0.03x
2025 Q216.7%1.23x0.03x
2025 Q320.5%1.25x0.04x
2025 Q420.4%1.24x0.04x

Terms

Target fund size£400m
Current AUM£280m
Min ticket£5m
Max ticket£40m
Target net IRR18–24%
Lock-up10 years
Management fee2.00%
Carry / performance20%
BenchmarkMSCI Climate Action Index
ESG / SFDRArticle 9
Liquidity

Closed-ended with 2-year extension.

Investment highlights

  • Article 9 SFDR classified
  • Anchored by sovereign LP
  • PRI signatory since 2018

Top 5 holdings

Largest positions · % of fund · simulated
  • Praxis Logistics10.7%
  • Meridian Energy9.9%
  • Foundry Semis8.7%
  • Hearth Commerce6.9%
  • Quanta Mobility6.4%