QUAERO CAPITAL recently completed fundraising for QUAERO EUROPEAN INFRASTRUCTURE FUND III (QEIF III) in December, exceeding €1.4 billion in commitments and surpassing the initial target of €1.25 billion announced at its launch in the second half of 2023. The management company also raised an additional €400 million in co-investment capacity alongside QEIF III. Since its launch 10 years ago, QUAERO CAPITAL has therefore raised a total of €2.7 billion for its infrastructure business.
News
The fund QCF (Lux) – Bond Investment Opportunity renewed its French ISR label certification

Quaero Capital is proud to announce that it has successfully renewed the French ISR label certification for its fund QCF (Lux) – Bond Investment Opportunity, in line with the updated ISR V3 guidelines.
This new version of the ISR label represents a significant step forward in both ambition and rigor for responsible investment. The revised framework strengthens the credibility and environmental focus of the label through:
- Broader and formalized sector exclusions
- Stricter ESG-filtering thresholds
- Higher expectations for climate transition alignment
- Stronger stewardship requirements through engagement and voting
- Enhanced governance and transparency via new reporting standards
Quaero Capital is proud to meet these enhanced standards, reaffirming its commitment to responsible investment.
Quaero Capital currently manages three funds certified by the SRI label: Quaero Capital Funds (Lux) – Bond Investment Opportunity, OPPCI Educatio and a third real estate fund launched in early 2025.
Obtaining the ISR Label is the result of an in-depth audit of each stage of the fund’s investment process, ensuring the robustness of the stock selection methods and the adherence to demanding ESG standards.
QUAERO CAPITAL launches an SRI-labelled bond fund
QUAERO CAPITAL announces the launch of Quaero Capital Funds (Lux) – Bond Investment Opportunity, a new bond sub-fund of its Luxembourg SICAV Quaero Capital Funds (Lux). The fund invests mainly in the debt markets of OECD member countries in euros, incorporating ESG criteria. The team, comprising Xavier Nicolas, Frédéric Loisel and Philippe Scemama, has been managing a similar strategy since January 2022 in the form of a specialist professional fund under French law. The strategy is now available in Luxembourg UCITS format.
QUAERO CAPITAL’s Argonaut fund celebrates its 20th anniversary
QUAERO CAPITAL is celebrating the 20th anniversary of its flagship fund Quaero Capital Funds (Lux) – Argonaut, which invests in European micro caps (including Switzerland and the UK). Managed on a pure value basis by Philip Best and Marc Saint John Webb, Argonaut has generated since its launch at the end of May 2003, a cumulative performance of +740.7% compared to +514.9% for the EMIX Smaller European Companies Index NR EUR[1]. While it has been soft closed to new investors for a long time, Argonaut is temporarily opening its doors for a limited period and for limited amounts.
QUAERO CAPITAL launches a European Small & Mid Cap equity fund
QUAERO CAPITAL is launching Quaero Capital Funds (Lux) – Quaeronaut Small & Mid Cap, a new European equity sub-fund of its Luxembourg SICAV Quaero Capital Funds (Lux). The fund will invest in European small and mid caps stocks (including Switzerland and the UK), which has traditionally been one of the most vibrant sectors of the European equity markets. Based on the “value” investment philosophy that made the flagship fund Argonaut a success, Quaeronaut offers access to a slightly larger market cap threshold than the microcaps targeted within the Argonaut investment universe. The new fund will be managed by Adrian Bignell and the Quaero Capital European investment team.
QUAERO CAPITAL launches Net Zero Emissions fund
QUAERO CAPITAL has launched Quaero Capital Funds (Lux) – Net Zero Emission, a new UCITS fund invested in companies whose services, products or technologies contribute to the transition to a carbon-free economy. The strategy selects current and future leaders in the field of energy and ecological transition, as well as the circular economy, from around the world and across different sectors. In addition to energy, the fund managers Olivier Ken and Martina Turner also focus on food, textiles, heavy industry, transport, urban planning and the entire supply chain.
QUAERO CAPITAL appoints Claudia Eftimie as Head of Business Development for German-speaking Switzerland
QUAERO CAPITAL has appointed Claudia Eftimie as Head of Business Development for German-speaking Switzerland. She will be responsible for promoting QUAERO CAPITAL’s strategies to institutional clients and professional intermediaries in German-speaking Switzerland and Liechtenstein. Before joining QUAERO CAPITAL, Claudia Eftimie was Senior Sales Switzerland at ODDO BHF Asset Management.
QUAERO CAPITAL strengthens its investment team dedicated to clean energy and carbon neutrality with the appointment of Oliver Ken
QUAERO CAPITAL has hired Olivier Ken as Portfolio Manager. Based in Paris, he will join Martina Turner, manager of the Quaero Capital Funds (Lux) – Accessible Clean Energy fund, to manage a new strategy dedicated to the transition to a carbon neutral economy. Prior to joining QUAERO CAPITAL, Olivier Ken was Fund Manager at Ecofi Investissements.
QUAERO CAPITAL strengthens its real estate division with the arrival of Alexandre Renault as Head of Asset Management and Margaux Cugura as Fund Manager
QUAERO CAPITAL welcomes Alexandre Renault as Head of Real Estate Asset Management and Margaux Cugura as Real Estate Fund Manager to support the development of its real estate business. The asset manager, which currently manages EUR 3 billion on behalf of major European institutional clients, aims to create new funds from 2023 in order to reach EUR 500 million under management by 2025 for its Real Estate division, which already has two OPPCIs (Foncière Quaero I and Educatio, which recently received ISR certification).
Second ISR label in one month for a QUAERO CAPITAL fund
After obtaining the ISR label for its fund dedicated to educational real estate, QUAERO CAPITAL continues its momentum and receives the label for its Quaero Capital Funds (Lux) – Infrastructure Securities fund. The fund is the first actively managed fund 100% invested in listed infrastructure companies to have this label.