Fund Secures Soft Commitments from Lead Investors

United Arab Emirates-based investment company Hodler Investments and Gewan Holding have announced plans to launch a $500 million Digital Energy Infrastructure (DEI) Fund. The DEI Fund, a closed-ended exempt fund, will enable clients to invest in “utility-like income-generating assets and distributed energy infrastructure.”

According to a statement, the fund has so far secured soft commitments from lead investors, in-kind contributions, and offtake partners seeking energy and connectivity for artificial intelligence (AI) and digital asset mining operations. As per the statement, the fund’s mandate covers everything from power generation and data mining to blockchain, Decentralized Physical Infrastructure (Depin), and AI-related projects.

Commenting on his organization’s joint effort to launch the fund, Mohamed El Masri, the managing director at Hodler Investments, said:

The Digital Energy Infrastructure Fund is a testament to our commitment to our mission, centred around the development of critical energy infrastructure for the advancement of the digital economy globally. We are proud to be leading this mission out of the UAE, building on the nation’s strategy to develop a digital economy while encompassing sustainability at the core. We are committed to contributing to energy security and reducing energy poverty.

Besides focusing on compute cluster applications, the DEI Fund will also invest in vertical tech startups, operating platforms, and software that add value to its portfolio. Additionally, the fund will invest in early-to-growth-stage software tech firms and applications supporting the development and growth of fintechs, decentralized finance, and Web3.

Meanwhile, Alaa Al Ali, founder and CEO of Gewan Holding, said joining the DEI Fund underscores the belief that digital economies will only grow when there is a globally distributed sustainable energy infrastructure in place.