Ex-Eurazeo CEO Morgon Plans Climate-Focused Private Equity Fund

Virginie Morgon, Eurazeo SE’s ex-chief executive officer and one of the most senior women in European private equity, is striking out on her own with a new private equity firm focused on sustainable investments.

Morgon’s Ardabelle Capital plans to raise €500 million ($554 million) next year to launch a investment fund with a climate strategy, she said. It’s looking at doing deals in Europe, US and Canada.

“Climate buyout is the missing middle in the private equity market,” Morgon said in an interview. More players are needed to help medium-sized companies accelerate their “transition and align their operations ...