Frequently asked questions

Submit complaints to support@carbonequity.com or write a letter to Carbon Equity B.V., Geldersekade 101-F, 1011 EM Amsterdam. Unresolved complaints may escalate to Kifid (Financial Services Complaints Institute) via www.kifid.nl at no cost. You are also welcome to first get in touch with your personal contact at Carbon Equity for any complaints.

Most of our funds do not offer liquidity. You may be able to sell your investment to a third party, but we cannot assist in finding a buyer for you. There is no guarantee you would be able to sell at full value. If the purchaser qualifies as an investor, we will accept the transfer.

Access to Climate Tech Fund II is structured differently, as an European Long Term Investment Fund, and provides limited options to request redemption, subject to certain timelines, restrictions and discounts.

For any redemption request in our funds (outside the redemption window of ACT II), an administrative fee of the lower of 1% of your commitment or €500 applies for onboarding and legal documentation of the new investor.

All Carbon Equity funds are treated as non-transparent (or opaque) for Dutch tax purposes. The funds qualify as a fiscal investment institution (fiscale beleggingsinstelling), to ensure that there is no taxation at the level of the fund but only in the hands of the investor. This has been confirmed with the Dutch tax authorities. For Dutch individuals, the investment is taxed in ‘Box 3’ as an investment (overige bezitting). Dutch companies who invest into a fund are taxed on profits from their investment when they are realised.

For Belgian and German residents, the investment is typically taxed on distributions in your home jurisdiction. Tax treatment depends on personal circumstances and local rules, so we recommend consulting a tax advisor in your country before investing.

Non-Dutch investors should consult their own tax counsel before making an investment.

Investing in private markets involves a high degree of risk. The value of your investment can go down as well as up, and you may not recover the full amount you invested. In the worst case, you could lose your entire commitment.

Key risks to be aware of:

• Illiquidity. Your capital is locked up for the life of the fund and cannot be easily withdrawn or traded.
• Long-term horizon. Climate and infrastructure investments take years to mature and generate returns.
• Concentration. Funds focus on specific sectors, strategies, or geographies, which can amplify losses if those areas underperform.
• Market, currency, and manager risk. Returns depend on the performance of underlying companies, fund managers, and market conditions, including currency fluctuations for non-euro investments.

Minimum holding periods vary by fund. Our venture capital, private equity, and infrastructure fund-of-funds are designed for a 10 to 12-year horizon. Co-investment and debt funds have shorter but still multi-year lock-up periods.

You should only invest capital you can afford to set aside for the full term of the fund. Please refer to the fund documentation and Key Information Document for full risk disclosures before making an investment.

Yes. Carbon Equity holds an Alternative Investment Fund Manager licence from the Dutch Authority for the Financial Markets, issued under Article 2:65 of the Dutch Financial Markets Supervision Act (Wet op het financieel toezicht, or Wft).

As a licensed manager, Carbon Equity and the funds we manage are supervised by two Dutch regulators. The Authority for the Financial Markets oversees our conduct, and the Dutch Central Bank (De Nederlandsche Bank) oversees our financial soundness.

For you as an investor, this means we are held to strict standards on risk management, capital adequacy, reporting, and investor protection.

Your investment is protected by the fund's legal structure. The assets of each Carbon Equity fund are held either by a separate foundation acting as custodian or by the fund entity itself, always separate from Carbon Equity B.V.'s own assets. This foundation exists solely to hold and safeguard the fund's assets on behalf of investors. This means that if Carbon Equity B.V. were to cease operations, your fund assets would not be affected.

The fund agreements also include provisions for appointing a replacement fund manager if needed, ensuring continuity of management.

Your capital account statement shows the value of your investment, which is what tax authorities use to assess your holdings. Within our fund of funds, our reporting timeline depends on a chain of processes: the underlying funds we invest in first need to set valuations from their portfolio companies, before they can finalize their own reports and only then can we complete yours. Based on prior years, we expect your updated capital account statements to be ready in late April or early May. If you want to report on your actual return over the year, you may need to wait for the full year reporting to be available.

Some Carbon Equity funds are denominated in euros, while others, such as Co-Investment Fund I, are denominated in US dollars. Underlying investments may also be made in different currencies, regardless of the fund's denomination. For example, Climate Tech Portfolio Fund IV invests in companies across North America and Europe, so part of the portfolio is naturally exposed to the US dollar.

For investors whose home currency is the euro, this means the value of your investment, your capital calls, and your distributions can move up or down with exchange rate fluctuations, in addition to the performance of the underlying companies and projects. A stronger US dollar increases the euro value of US-denominated holdings; a weaker dollar reduces it.

We do not hedge currency exposure at the fund level. Hedging adds cost and complexity, and over the long horizons typical of private market investments, currency movements tend to play a smaller role than the underlying performance of the companies. If you are sensitive to currency risk, you should factor this into how a Carbon Equity fund fits within your broader portfolio.

Each fund page indicates the fund's denomination and main geographic exposure, so you can see at a glance which currencies are involved.

Carbon Equity's recent funds are limited partnerships under Dutch law with a general partner (Carbon Equity) and limited partners (investors). A separate foundation holds legal title to the assets of the fund to ensure that those are separate from Carbon Equity. Funds are treated as non-transparent (or opaque) for Dutch tax purposes. The funds qualify as a fiscal investment institution (fiscale beleggingsinstelling), to ensure that there is no taxation at the level of the fund but only in the hands of the investor.

Yes, while a fund is still open for fundraising. You can make additional commitments at any time before the fund's final close, and each new commitment is treated as a separate subscription with its own subscription form. Capital calls follow the same schedule as the rest of the fund, with the amount called proportional to the size of your total commitment in the fund.

Once a fund has held its final close, no further commitments are possible. At that point, if you want to increase your exposure, the next step is to commit to a successor fund or another fund in our line-up.