Hong Kong, February 2026 – The Fund has raised initial commitments of US$100 million toward a target size of US$500 million, with backing from institutional investors in Asia, Europe and the Middle East. Headquartered in Hong Kong, AETF has been structured as a cross-border investment vehicle focused on scaling environmental technologies and sustainable business models across Asian markets. The Fund will invest in renewable energy infrastructure, energy storage, digital decarbonization technologies, circular-economy solutions, sustainable agriculture, climate technologies and green consumer platforms. Following the first closing, representatives of Azzurra Capital and SIIC held meetings with financial institutions and regulators in Hong Kong to support the Fund’s regulatory framework and operational deployment in the region. The investment strategy is based on facilitating the commercialization of European environmental technologies in Asia while supporting the international expansion of Asian
portfolio companies. 

Stefano Marsaglia, founder and chief executive of Azzurra Capital, said: “This first closing represents a significant step in our Asian expansion. The partnership with a major institution like SIIC creates a platform combining international investment standards with industrial execution capabilities.” 

Qian Zhang, chief executive of SIIC, added: “AETF reflects the shared objective of supporting sustainable industrial development through the application of advanced environmental technologies.”