How many portfolio companies does Hy24 have?

Hy24 has 13 active portfolio companies and 1 completed exit and 1 fund tracked on GP Intel.

Where is Hy24 headquartered?

Hy24 is headquartered in Paris, France.

What is Hy24's assets under management?

Hy24 manages approximately €2.0B in assets under management.

What sectors does Hy24 invest in?

Hy24 invests across Energy, Industrials.

What are Hy24's recent exits?

Recent realized exits by Hy24 include: Everfuel (2024) to Faro BidCo ApS.

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Hy24

Paris, France·Founded 2021·hy24partners.com

Hy24 is a Paris-based investment manager and the world's first and largest dedicated clean hydrogen infrastructure asset manager. Founded in 2021 as a 50/50 joint venture between French private investment house Ardian and clean hydrogen platform FiveT Hydrogen, Hy24 invests across the entire clean hydrogen value chain, from renewable and low-carbon hydrogen production to storage, distribution and mobility. Its flagship Clean H2 Infra Fund closed at 2 billion euros in 2022, the largest fund of its kind. Hy24 operates from Paris, Zurich, Singapore and New York with more than 45 professionals.

AUM

€2.0B

Funds

vintages 2021

Portfolio

Exits

Hy24 is a Paris private equity firm with €2.0B AUM, 13 active companies and 1 exit.

SectorsEnergy Industrials

Sector breakdown

14 companies

ClimateTech

8 · 57%

Mobility

2 · 14%

Industrials

2 · 14%

SaaS

1 · 7%

Geography breakdown

9 geographies

Spain

3 · 21%

Germany

3 · 21%

France

2 · 14%

Paraguay

1 · 7%

Denmark

1 · 7%

Norway

1 · 7%

Australia

1 · 7%

Sweden

1 · 7%

Key facts

HQParis, France

Founded2021

Employees45+

Websitehy24partners.com

Recent exits

Hy24 sold Everfuel to Faro BidCo ApS in 2024 after 1 year.

Coverage notes

1 fund tracked, 14 portfolio companies (13 active · 1 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund Hy24 has raised, with its portfolio companies. Hand-checked from public filings.

1 fund

Fund

Strategy

Vintage

Size

Assets

Exits

Clean H2 Infra Fund

Infrastructure2021€2.0B13 assets1 exits

Infrastructure

2021 · 5yr

€2.0B

Unrealized

13 held

Company	Entry
Atome ClimateTech · Paraguay	2026
Elyse Energy ClimateTech · France	2023
Enagas Renovable ClimateTech · Spain	2022
H2 Mobility Mobility · Germany	2022
H2site ClimateTech · Spain	2025
Hexagon Purus Industrials · Norway	2024
Hy2gen ClimateTech · Germany	2022
HysetCo Mobility · France	2024
InterContinental Energy ClimateTech · Australia	2023
Onuba Spain	2026
OPAL SaaS · Germany	2026
Stegra Industrials · Sweden	2023
StormFisher Hydrogen ClimateTech · Canada	2025

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
Everfuel ClimateTech · Denmark	2023	2024	Recapitalization	Faro BidCo ApS	–

Frequently asked questions

How many portfolio companies does Hy24 have?: Hy24 has 13 active portfolio companies and 1 completed exit and 1 fund tracked on GP Intel.
Where is Hy24 headquartered?: Hy24 is headquartered in Paris, France.
What is Hy24's assets under management?: Hy24 manages approximately €2.0B in assets under management.
When was Hy24 founded?: Hy24 was founded in 2021.
What sectors does Hy24 invest in?: Hy24 invests across Energy, Industrials.
What are Hy24's recent exits?: Recent realized exits by Hy24 include: Everfuel (2024) to Faro BidCo ApS.