ROM InWest Takes Helm of North Holland's Sustainable Economy Fund
North Holland, Sunday, 28 July 2024.
ROM InWest, partnering with KplusV and StartGreen, assumes management of the Sustainable Economy Participation Fund North Holland (PDENH). This closed-end fund, which has invested over €70 million in sustainable projects, now focuses on follow-up investments and managing existing portfolios, ensuring continuity in supporting regional sustainable economic growth.
Ensuring Continuity and Stability
The transition of PDENH’s management to ROM InWest is a strategically significant move aimed at maintaining stability and continuity. The existing management team will continue to work during the transition phase, collaborating closely with ROM InWest. This ensures that the policies and strategies that have been instrumental over the past years remain consistent, optimizing the potential for financial, economic, and societal success for the portfolio companies and the region.
Significant Contributions to Sustainability
Since its inception, PDENH has made substantial contributions to the sustainable and circular economy of North Holland. According to the deputy Esther Rommel, the fund has invested over €70 million in innovative and sustainable projects, bridging a crucial gap in the capital market for startups and scale-ups in the region. These investments have led to significant achievements, including a reduction of nearly 900 kilotons of CO2 and the creation of 566 full-time equivalent jobs by the end of 2022.
Strategic Partnerships
ROM InWest’s collaboration with KplusV and StartGreen is part of a broader strategy to strengthen regional economic growth. The fund’s new management aims to leverage these partnerships to continue supporting the energy transition, sustainable mobility, and the circular economy. This collaboration is expected to attract further co-investments, amplifying the impact of the fund’s initiatives.
Future Prospects
With the management transition effective from 2 April 2024, ROM InWest is set to drive forward PDENH’s mission. The focus will be on follow-up investments in existing portfolio companies, managing outstanding loans, and selling stakes in successful sustainable growth companies. This strategic realignment aims to sustain the momentum of the fund’s contributions to the region’s sustainable economic development.
Conclusion
ROM InWest’s takeover of PDENH’s management marks a pivotal moment for the fund and the region. By maintaining continuity and leveraging strategic partnerships, the new management aims to build on the significant achievements of the past years. This move not only ensures stability for current portfolio companies but also sets a robust foundation for future sustainable economic growth in North Holland.