EIF invests €75 million in Serena Infra II infrastructure fund to support sustainable infrastructures

• Serena Infra II is managed by Serena Industrial Partners and has a target volume of €250 million.
• The operation is backed by InvestEU, an EU programme to unlock over €372 billion in investment by 2027.

The European Investment Fund (EIF), the arm of the European Investment Bank Group (EIB Group) specialised in equity investments in small and medium firms (SMEs) and mid-caps, has invested €75 million in the infrastructure fund Serena Infra II SCA SICAV-RAIF. The fund has a target volume of €250 million and is managed by Serena Industrial Partners, Spanish infrastructure fund manager.

The objective of Serena Infra II is to invest in projects linked to early stages of sustainable mobility, water, social or digital infrastructure, as well as energy transition projects (such as biogas, biomass or energy efficiency). The fund has a pan-European scope and it is expected to invest in a portfolio of eight to ten assets with an average investment of €25 million to €30 million.

Marjut Falkstedt, EIF Chief Executive said: “Through this operation with Serena Infra II, the EIF is encouraging investment in sustainable transport infrastructure and energy transition. These are essential in the shift towards a low-carbon economy in which people can enjoy more sustainable and efficient modes of transport.”

Joaquin Camacho, Managing Partner of Serena, added: “The EIF investment ‘highlights Serena's work as a manager that invests in sustainable infrastructure projects that are essential to society, generate long-term value and foster more resilient economies.”

This EIF investment supports the EIB Group’s core strategic priority and cross-cutting business line, climate action and environmental sustainability, as set out in the EIB Group 2024-2027 Strategic Roadmap. It places special focus on energy transition and sustainable transport initiatives. The operation is backed by InvestEU, an EU programme aiming to unlock over €372 billion in investment by 2027.

Background information

About the European Investment Fund

The EIF is part of the EIB Group. Its central mission is to support Europe’s microenterprises and SMEs by helping them access finance. The EIF designs and develops venture and growth capital, guarantees and microfinance instruments that specifically target this market segment. In this role, it contributes to the achievement of key EU policy goals such as competitiveness and growth, innovation and digitalisation, social impact, skills and human capital, climate action and environmental sustainability.

About InvestEU

The InvestEU programme provides the European Union with crucial long-term funding by mobilising substantial private and public funds in support of a sustainable recovery. It also helps mobilise private investment for EU policy priorities, such as the European Green Deal and the digital transition. InvestEU brings together under one roof the multitude of EU financial instruments 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 invest in projects, leveraging on the EU budget guarantee of €26.2 billion. The entire budget guarantee will back the investment projects of the implementing partners, increasing their risk-bearing capacity and mobilising at least €372 billion in additional investment.

About Serena Industrial Partners

Serena Industrial Partners is an independent asset manager, dedicated to critical infrastructure. It has a track record of managing 15 assets (€1.8 billion of assets, by enterprise value) in 6 countries in Europe in the mobility, environment and social/digital segments, together with leading industrial partners. Its investor base is mainly institutional, with the support of public investors such as the EIF and Fond-ICO. The 16-strong team is based in Madrid, Luxembourg, Paris and London.

Press contacts

EIF

Maite Cordero: m.corderomunoz@eib.org | Tel.: +34 606 66 82 62

Website: www.eif.org | Press Office: +352 4379 21000 | press@eib.org

X: @eif_eu 

Serena Industrial Partners        

Guillermo Errea -  guillermo@somoserrea.es  , tel +34 626 605 231

Sitio web: serenapartners.com