Green Gateway Fund (GGF)


Last updated 12 May 2020, by Impactyield.

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Green Gateway Fund makes growth-stage investments in energy and resource efficiency companies that reduce CO2 emissions, promote resource efficiency, and improve the quality of land, water or air mainly in Western Europe.

As an active investor, the Fund helps portfolio companies to sell to high-growth and high-impact emerging markets, where energy consumption per unit of GDP can be as much as four times higher than in Germany. It works with strategic partners locally to do so, using the “gateway” of Kazan for Eastern Europe, Doha for the Middle-East and Hong Kong for China.

Wermuth Asset Management GmbH is the exclusive investment advisor to the Green Gateway Fund (GGF).

Financial description

The Green Gateway Fund offers both an attractive risk return profile, with expected downside protection, a target net IRR of 20-25% pa and multiples > 2x net cash-on-cash and 2.8 net of carry on committed capital for Financial LPs, as well a positive impact on the environment and sustainable development.
Up to 2x preferred return whenever a portfolio company invests in Tatarstan limits downside risk

12 years

of track record


the year funded

110,000,000 EUR


Asset manager

Wermuth Asset Management


Headquarters location:

Other funds managed by this asset manager: Green Gateway Fund 2 GmbH & Co KG (GGF2)

SDG goals

SDG targets

Expand and upgrade energy services for developing countries

Key performance indicators

Fund overview

Asset manager: Wermuth Asset Management

Product track record: Fund has 12 years of track record

Target IRR: 20%

Committed Capital: 110,000,000 EUR (Euro)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:


Inception year: 2011

Vintage year: 2011

Target region: , ,

Target close date: n.a.

Product term: 10

Assets under management: 110,000,000 EUR (Euro)

Investment size: Min: 5,000,000; Max: 25,000,000; Avg: 10,000,000

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 4

Fund investments to date exited or repaid: 0

Management fee: 2.5%

Carried interest: 20%

Hurdle rate: 1.5X on committed capital%

GIIN Investors' Council Investment: No

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors


E-mail: n.a.


Phone number: +49 30 27890920

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Impact Performance


Impact thesis

We expect the Green gateway Fund to make a major contribution to sustainable global development by providing expansion capital to the best-in-class international energy and resource efficiency technologies. The Fund aims to have a substantial impact on the environment through the successful growth of portfolio companies; their activities are expected to reduce CO2 emissions, promote resource efficiency, and/or improve the quality of land, water or air. While the target companies will generally have a global reach, their impact might be more pronounced in Eastern Europe and other emerging markets such as China due to the inefficient structures of their economies. The Fund also has a “green growth” target, causing sustainable growth and jobs through investments in the EU and - via portfolio companies – in Republic of Tatarstan and elsewhere.

Impact Management


Financial benchmark

Term Description:


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