What investment strategy does Aquila Capital focus on?

Aquila Capital focuses on Real Estate, Growth strategies in the private equity space.

How many portfolio companies does Aquila Capital have?

Aquila Capital has 13 active portfolio companies and 3 completed exits and 5 funds tracked on GP Intel.

Where is Aquila Capital headquartered?

Aquila Capital is headquartered in Hamburg, Germany.

What is Aquila Capital's assets under management?

Aquila Capital manages approximately €6.5B in assets under management.

When was Aquila Capital founded?

Aquila Capital was founded in 2001.

What sectors does Aquila Capital invest in?

Aquila Capital invests across Energy, Real Estate, Business Services, TMT.

What are Aquila Capital's recent exits?

Recent realized exits by Aquila Capital include: Desfina Wind Farm (2026) to Aquila Capital funds; Holmen Wind Park II (2025) to Aquila Capital funds; Svindbaek Wind Farm (2025) to Aquila Capital funds.

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Aquila Capital

Hamburg, Germany·Founded 2001·

Real Estate Growth Equity

·aquila-capital.de

Aquila Capital is a Hamburg-based alternative investment manager and BaFin-licensed AIFM founded in 2001 by Roman Rosslenbroich and Dieter Rentsch, focused since 2007 on clean energy and sustainable infrastructure across Europe. It sources, builds and manages direct portfolios of wind, solar, hydropower, battery storage, data centres and green logistics assets on behalf of institutional clients, with fee-bearing assets under management of roughly EUR 6.5 billion and a renewables platform exceeding 14 GW. Commerzbank acquired a 74.9 percent majority stake in Aquila Capital Investmentgesellschaft, with the transaction closing in June 2024.

AUM

€6.5B

Funds

vintages 2015–2025

Portfolio

Exits

Aquila Capital is a Hamburg real estate firm with €6.5B AUM, 13 active companies and 3 exits.

SectorsEnergy Real Estate Business Services TMT

Key takeaways

·3 exits in the last 5 years · consistent DPI cadence.
·Average hold across 3 realized deals: 6 years.
·Top sector focus: Energy (75% of portfolio).
·Fund cadence: ~3Y between vintages · last raise 2025.

Sector breakdown

16 companies

Energy

12 · 75%

ClimateTech

2 · 13%

Logistics

2 · 13%

Geography breakdown

8 geographies

Norway

5 · 31%

Portugal

3 · 19%

Italy

2 · 13%

Denmark

2 · 13%

Germany

1 · 6%

Finland

1 · 6%

Greece

1 · 6%

Spain

1 · 6%

Key facts

HQHamburg, Germany

Founded2001

Employees200+

Websiteaquila-capital.de

Recent exits

Aquila Capital sold Desfina Wind Farm to Aquila Capital funds in 2026 after 6 years.

Aquila Capital sold Holmen Wind Park II to Aquila Capital funds in 2025 after 6 years.

Aquila Capital sold Svindbaek Wind Farm to Aquila Capital funds in 2025 after 6 years.

Coverage notes

5 funds tracked, 16 portfolio companies (13 active · 3 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund Aquila Capital has raised, with its portfolio companies. Hand-checked from public filings.

5 funds

Fund

Strategy

Vintage

Size

Assets

Exits

Aquila Capital Energy Transition Fund I

Infrastructure2025€600M1 assets

Infrastructure

2025 · 1yr

€600M

–

Unrealized

1 held

Company	Entry
Germany Grid-Scale Battery Storage ClimateTech · Germany	2025

AC One Planet ELTIF

Infrastructure2024€300M2 assets

Infrastructure

2024 · 2yr

€300M

–

Unrealized

2 held

Company	Entry
Finland Onshore Wind Cluster 99 MW Energy · Finland	2024
Italy Battery Storage Portfolio 722 MW ClimateTech · Italy	2024

Aquila Capital Southern European Logistics Fund

Real Estate2022€330M2 assets

Real Estate

2022 · 4yr

€330M

–

Unrealized

2 held

Company	Entry
Porto Logistics Complex Logistics · Portugal	2024
San Giorgio Bigarello Logistics Facility Logistics · Italy	2025

Aquila European Renewables

Energy2019€154M1 assets3 exits

Energy

2019 · 7yr

€154M

Unrealized

1 held

Company	Entry
Aguia Enlica Portuguese Hydro Portfolio Energy · Portugal	2019

Realized

3 exits

Company	Entry	Exit	Type	Buyer	MOIC
Desfina Wind Farm Energy · Greece	2020	2026	Secondary	Aquila Capital funds	–
Holmen Wind Park II Energy · Denmark	2019	2025	Secondary	Aquila Capital funds	–
Svindbaek Wind Farm Energy · Denmark	2019	2025	Secondary	Aquila Capital funds	–

Aquila European Hydropower Fund

Energy2015€550M7 assets

Energy

2015 · 11yr

€550M

–

Unrealized

7 held

Company	Entry
BKK Norwegian Hydropower Portfolio Energy · Norway	2017
Norsk Gronnkraft Energy · Norway	2015
Oyfjellet Wind Farm Energy · Norway	2019
Portugal Solar Portfolio 170 MWp Energy · Portugal	2017
Smaakraft Energy · Norway	2015
Spain Renewables Project Rights 700 MW Energy · Spain	2019
Tinfos AS Energy · Norway	2014

Frequently asked questions

What investment strategy does Aquila Capital focus on?: Aquila Capital focuses on Real Estate, Growth strategies in the private equity space.
How many portfolio companies does Aquila Capital have?: Aquila Capital has 13 active portfolio companies and 3 completed exits and 5 funds tracked on GP Intel.
Where is Aquila Capital headquartered?: Aquila Capital is headquartered in Hamburg, Germany.
What is Aquila Capital's assets under management?: Aquila Capital manages approximately €6.5B in assets under management.
When was Aquila Capital founded?: Aquila Capital was founded in 2001.
What sectors does Aquila Capital invest in?: Aquila Capital invests across Energy, Real Estate, Business Services, TMT.
What are Aquila Capital's recent exits?: Recent realized exits by Aquila Capital include: Desfina Wind Farm (2026) to Aquila Capital funds; Holmen Wind Park II (2025) to Aquila Capital funds; Svindbaek Wind Farm (2025) to Aquila Capital funds.