Hodler Investments + Gewan Holdings establish digital energy infrastructure fund: Dubai-based investment firm Hodler Investments and Abu Dhabi-based investment conglomerate Gewan Holdings are working to set up a closed-ended, USD 250-500 mn digital energy infrastructure (DEI) fund, according to a press release. The fund has already secured soft commitments and in-kind contributions from undisclosed lead investors, the statement said, without disclosing the exact amount of commitments it secured.

The fund has also secured offtake agreements with partners looking for connectivity and energy for mining and AI operations, with exclusive agreements worth some USD 300 mn from across the Middle East, Asia, Africa, North America, and Australia, the statement said.

What the fund is after: The DEI Fund will invest in a variety of income-generating, utility-like digital energy infrastructure projects, including power generation, data mining, blockchain, decentralized physical infrastructure, and AI. It will also allocate capital investments towards vertical technology startups operating fintech, decentralized finance, web3, or blockchain platforms and software. Projects will span across the digital energy value chain, including clean energy and power generation, and will aim to achieve zero emissions, the statement said.

The fund will also seek to acquire early to growth stage modern software tech companies that are active in digital infrastructure and software applications in the fields of fintech, AI, web3, and deFi, the statement added.

Who’s involved? Dubai International Financial Center (DIFC)-based asset manager Ento Capital Management will advise on, structure, and help establish and manage the DEI Fund alongside Hodler and Gewan.

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