In brief: Trill hails ‘two incredible quarters’ for deployment

The firm closed its first fund in September last year and has now agreed seven investments.

Trill Impact, the manager that made a splash when it closed its debut fund on €900 million in September last year, has just inked its seventh investment from the fund, backing Swedish infrastructure developer Infrakraft.

When we asked Trill partner Johan Lundén whether the pace of deployment had surprised the firm on the upside, his answer was a qualified “no”.

“Indeed, Q1 and Q2 have been two incredible quarters for Trill Impact in terms of capital deployment,” he said. “However, I would say that the strong dealflow is rather in line with our high expectations. [We] typically follow a long-term approach when it comes to our sourcing approach, and therefore have a very good visibility on the execution pipeline rather early.”

The latest acquisition, Infrakraft, is considered impactful because by building sustainable infrastructure it is contributing to the urgent task of reducing GHG emissions. “Infrakraft plays an important role in building next-generation transportation systems,” said Lundén.

Separately from its mid-market business, Trill has started deploying capital into venture deals.