Tages: Stefano Boscolo Named CEO of Metania in Net Zero Fund Expansion
People | Jan 20, 2025 | Finance Community IT - 3 Private Equity
Tages Capital SGR has announced its latest fundraising achievements for its Tages Helios Net Zero fund, with an additional closing of €42 million, bringing the total to €417 million. The fund focuses on investments in renewable energy and energy transition towards achieving carbon neutrality, with sectors of interest including smart mobility, batteries, and biomethane. A final closing is projected for July next year, targeting a total of €650 million. Metania, a company under Tages, will focus on the management and production of biomethane, an area integral to reducing CO2 emissions in energy-intensive sectors. Stefano Boscolo, an experienced professional in renewable energy and oil & gas, will lead Metania as CEO. Boscolo will drive innovation and sustainability within the company's operations, leveraging his worldwide experience in strategic development. Tages President Umberto Quadrino and Commercial Director Eugenio Vecellio expressed optimism about the continued investor interest and their ability to meet ambitious national energy production goals outlined in Italy's National Recovery and Resilience Plan.
Sectors
- Renewable Energy
- Private Equity
Geography
- Italy – The activities discussed, including investments and strategic developments in renewable energy, are taking place in Italy.
Industry
- Renewable Energy – The article discusses investments in renewable energy sectors, particularly solar energy, smart mobility, and biomethane, as part of the transition to carbon neutrality.
- Private Equity – Tages Capital SGR, a private equity firm, is highlighted as managing the Tages Helios Net Zero investment fund.
Financials
- 42 million euros – The additional closing amount for the Tages Helios Net Zero fund.
- 417 million euros – The current total funds raised for Tages Helios Net Zero.
- 650 million euros – The target fundraising goal by July next year for the Tages Helios Net Zero fund.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tages Capital SGR | Private Equity Firm | Company | An asset manager specializing in alternative investments, managing the Tages Helios Net Zero fund for energy transition projects. |
| Metania | Biomethane Production Company | Company | A newly established company under Tages focusing on biomethane production to aid in decarbonization efforts. |
| Stefano Boscolo | Chief Executive Officer of Metania | Person | An energy sector professional with global experience, appointed CEO to lead Metania's initiatives in sustainable energy. |
| Umberto Quadrino | President of Tages and CIO of Tages Capital SGR | Person | Provides strategic guidance and oversight for Tages' investment fund initiatives. |
| Eugenio Vecellio | Commercial Director of Tages Capital SGR | Person | Manages commercial strategy, emphasizing investor relations and fund performance. |