Taaleri Launches Europe’s First Private Equity Fund to Focus Purely on Bioindustry Projects

Taaleri Bioindustry I will invest in industrial-scale production facilities that can accelerate the scaling of bioindustry production. Products can be, for example, bio- and recycled fibers, organic fertilizers, functional biomaterials and recycled materials to replace virgin products.

“Bioindustry is a new, fast-growing market, and we see the potential for it as the next big field alongside renewable energy,” says Tero Saarno, Director of Taaleri Bioindustry. “Investors are also very interested in an industry that offers effective and innovative solutions for sustainable development.”

“Taaleri’s vision is to be a Nordic pioneer in alternative investments focusing on sustainability. Our first bioindustry fund is a powerful step towards our vision,” says Peter Ramsay, CEO of Taaleri Group.

Taaleri Bioindustry I is a closed-end private equity fund with a 10-year term and a target size of EUR 80 million. Taaleri will initially sell the fund to both international investors and large domestic institutional investors. The fund is also to be sold to other investors through Taaleri’s partner Aktia after receiving the necessary regulatory approvals.

Taaleri is a Nordic investment and asset manager with an emphasis on renewable energy and other alternative investments. 

Source: Global News Wire