Hodler launches digital energy infra fund

Hodler Investments, a UAE-based investment manager, is set to unveil a digital energy infrastructure (DEI) fund.

Hodler has partnered with another UAE-based investment firm, Gewan Holding, for the US$500 million closed-ended exempt fund.

Global spending on data centres is estimated to exceed $49 billion by 2030, according to McKinsey. In addition, there is currently a $1 trillion funding gap in renewable energy.

Although the fund is still subject to regulatory approval, it has already secured “soft commitments” from potential investors and partners seeking connectivity for their digital asset mining operations.

According to Holder, the fund’s mandate covers the “entire digital energy value chain” including sectors such as clean energy, power generation and data mining for blockchain.

The fund will be managed by Dubai-based sharia-compliant asset manager Ento Capital Management.

Alaa Al Ali, Founder & Group CEO, Gewan Holding notes, “Our decision to be part of the DEI fund stems from our belief that the digital economies of the future cannot grow without globally distributed sustainable energy infrastructure,” said Alaa Al Ali, founder and group CEO, Gewan Holding.

“We are confident in our stakeholders and our collective effort to build sovereign digital energy infrastructure [and] we see the fund as an effective vehicle to support the UAE’s digital economy strategy.”