The European Investment Fund (“EIF”) commits €75 million to Vesper Next Generation Infrastructure Fund I targeting to raise €800 million for sustainable infrastructure.
The Fund focuses on investment opportunities in clean, digital and decentralised energy; decarbonised mobility and connected logistics; data-centric, low latency digital infrastructure; and sustainable, circular and healthy living solutions.
To-date, the Fund has made two investments – the acquisition of RAD-x alongside Swiss Life Asset Managers, a leading medical diagnostic imaging platform; and the majority investment into EAG Bioenergy, a biogas and biomethane operator and developer.
Marjut Falkstedt, EIF Chief Executive said: “In line with our objective of accelerating Europe's energy transition and sustainability journey, we are very pleased to be supporting Vesper Infrastructure in the delivery of its strategy. This is a great opportunity to combine our experience and financial clout with Vesper’s investment and value-creation pedigree to mobilise additional capital, accelerate decarbonisation efforts, and contribute to building a sustainable future.”
Livio Fenati, Managing Partner at Vesper Infrastructure Partners, said: “Partnering with the EIF provides additional scale and breadth of experience across the EU that will further accelerate the Fund’s ability to identify and deploy in attractive value-add infrastructure investments. The commitment from the EIF is an important recognition of the compelling investment strategy of the Fund and a valuable testament to the investment team’s extensive investment track record.”
Background information
The European Investment Fund (EIF) is part of the European Investment Bank Group. Its central mission is to support Europe's micro, small and medium-sized enterprises (SMEs) by helping them to access finance. The EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, the EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth and employment.
Vesper Next Generation Infrastructure Fund I SCSp (“Vesper Infrastructure” or the “Fund”) is a closed-end alternative investment fund based in Luxemburg managed by FundRock LIS S.A, which pursues infrastructure investment opportunities, in next generation infrastructure, by focusing on companies active in (i) Clean, digital and decentralised energy; (ii) Decarbonised mobility and connected logistics; (iii) Date centric, low latency digital infrastructure; and (iv) Sustainable, circular and healthy living solutions.
Vesper Infrastructure Partners SRL (“Vesper Infrastructure Partners”), based in Milan and London (through Vesper Infrastructure Advisory Ltd), acts as advisor to FundRock LIS S.A. in respect of the Fund by providing advice regarding the acquisition, structuring, financing and disposal of the fund’s assets. Established in 2022, Vesper Infrastructure Partners is a specialised value-add infrastructure advisor fully owned by its founding partners, who have more than 120 years of combined investment experience and have executed over €350 billion of infrastructure transactions across Europe.
The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable recovery and growth. It also helps mobilise private investments for the European Union’s policy priorities, such as the European Green Deal and the digital transition. The InvestEU programme brings together under one roof the multitude of EU financial instruments currently available to support investment in the European Union, making funding for investment projects in Europe simpler, more efficient and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal. The InvestEU Fund is implemented through financial partners that will invest in projects using the EU budget guarantee of €26.2 billion. The entire budget guarantee will back the investment projects of the implementing partners, increase their risk-bearing capacity and thus mobilise at least €372 billion in additional investment.
Press contacts
EIF:
Serena SERTORE, s.sertore@eib.org, tel.: +352 4379 70859
Website: www.eif.org — Media Office +352 4379 21000; press@eib.org
Vespe Infrastructure Partners:
Email: info@vesperam.com – Website: www.vesperam.com
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