The European Investment Fund and Edmond de Rothschild Private Equity extend their partnership in the field of sustainable urban regeneration

• Ginkgo 3 is the third vintage dedicated to sustainable brownfield remediation and redevelopment in Europe
• The fund has reached its final closing with EUR 365 million of capital commitment
• Ginkgo 3 marks EIF’s first investment in its new Infrastructure and Climate Funds business line

Edmond de Rothschild Private Equity in partnership with Ginkgo Advisor, the investment advisor, has reached the last and final closing of Ginkgo 3. After Ginkgo 1 (2010) and Ginkgo 2 (2016), this third vintage dedicated to the decontamination and redevelopment of contaminated land plots in Europe has increased in size and geographical scope to better contribute to sustainable urban regeneration.

A total of EUR 365 million of capital has been committed to Ginkgo 3 in 8 months by institutional investors including the EIF, Banque des Territoires and Edmond de Rothschild, as well as a number of private investors all across Europe. With EUR 30 million in capital commitment, the European Investment Fund (EIF) is amongst the largest contributor to the fund and will be represented at the supervisory committee.

Five brownfield remediation and redevelopment projects have already been approved by Ginkgo 3’s general partner in France, Italy, Portugal and The Netherlands. Several projects are under exclusivity and are expected to be submitted for approval to the General Partner before year end. The project pipeline is plentiful and capital deployment is swift.

Categorized as Article 9 in the SFDR regulation, Ginkgo 3 has clear sustainable goals. The fund’s objectives reflect the commitment of its sponsor, the Edmond de Rothschild Group, and of its limited partners to achieve financial performance alongside intentional and measurable social and environmental impacts.

Johnny el Hachem, Chief Executive Officer of Edmond de Rothschild Private Equity, declares : « We are delighted with the success of this new vintage, initiated more than 12 years ago and emblematic of our investment convictions: building forward-looking strategies that meet the societal challenges of tomorrow. The success of the fund raising illustrates the growing interest of investors for impact investing strategies with a track record and their trust in the ability of our teams to deliver. »

Alain Godard, Chief Executive at European Investment Fund: “Scaling up finance for green urban development is essential to meet Europe`s ambitious climate targets. At the EIF, we are delighted to announce the first investment under our new Infrastructure and Climate Funds business line into Ginkgo 3. We are committed to work closely with our partners to support the objectives of the European Green Deal.”

Pascal Roudier, Bruno Farber and Guillaume Ribet, the partners of Ginkgo Advisor, add: “We have the benefit of 12 years of experience in the field of brownfield remediation and redevelopment in Europe and we have built a very specialized team to support our growing ambitions. We are particularly honored by the trust of the EIB Group for this third vintage. The EIF has helped us to go the extra mile in terms of setting up our impact investing framework and provides us with an unvaluable label of quality.”

Background information:

ABOUT THE EDMOND DE ROTHSCHILD GROUP

As a conviction-driven investment house founded upon the belief that wealth should be used to build the world of tomorrow, Edmond de Rothschild specialises in Private Banking and Asset Management and serves an international clientele of families, entrepreneurs and institutional investors. The group is also active in Corporate Finance, Private Equity, Real Estate and Fund Services.

With a resolutely family-run nature, Edmond de Rothschild has the independence necessary to propose bold strategies and long-term investments, rooted in the real economy.

Founded in 1953, the Group now has CHF 168 billion of assets under management, 2,500 employees, and 33 locations worldwide.

About Edmond de Rothschild Private Equity

Edmond de Rothschild Private Equity is an independent investment management company, part of Edmond de Rothschild Asset Management, with over CHF 3 billion in assets under management. With an entrepreneurial approach to finance and backed by strong convictions, Edmond de Rothschild Private Equity builds and develops differentiating investment strategies that provide a sustainable response to environmental and social challenges

About GINKgO

Founded in 2010 and based in Geneva, the investment advisor of the Ginkgo funds comprises a team of 20 professionals specialized in decontamination, real estate and private equity.
Ginkgo Advisor manages €240 million in commitments through the Ginkgo 1 and Ginkgo 2 funds (closed to new subscriptions) and has generated more than 450,000 sq. m in development rights, primarily in the residential category but also in service, spanning 16 projects focused on the rehabilitation of contaminated brownfield sites in France, Belgium and Spain.

Ginkgo 3 comprises the master fund Ginkgo Fund III S.C.A., SICAV RAIF, , a Luxembourg investment company with variable capital (société d’investissement à capital variable), under the form of a corporate partnership limited by shares (société en commandite par actions) qualifying as a reserved alternative investment fund (fonds d’investissement alternatif réservé), closed to new subscriptions, and the feeder fund Ginkgo Fund III FPCI, a French-registered professional capital investment fund closed to new subscriptions under the management of Edmond de Rothschild Private Equity Luxembourg S.A.. Ginkgo 3 is primarily invested in companies with projects focused on the reconversion of industrial brownfield sites, mainly in Belgium and in France but also in other States within the European Union, and presents particular risks, including the risk of capital loss, liquidity risk, risks related to the relevancy of investments, operational risks inherent to the development of industrial brownfield sites, risks related to the sale of certain investments, as well as the lack of a guaranteed return on investment. AIFM: Edmond de Rothschild Private Equity Luxembourg S.A - 4, rue Robert Stumper, L-2557 Luxembourg, , Grand Duchy of Luxembourg.

ABOUT EIF

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 businesses (SMEs) by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments, which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment.

The European Investment Bank (EIB) transferred its Infrastructure and Climate Funds (ICF) business to the EIF earlier this year.  Managing the Infrastructure and Climate Funds will allow the EIF to increase its investments in green infrastructure projects.

Press contacts:

European Investment Fund:

David Yormesor, d.yormesor@eif.org, tel.: +352 43 79 81346 / Mobile:  +352 621 554 578

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

Follow us on Twitter @eif_eu

Edmond de Rothschild:

Florence Gaubert: +33 1 40 17 33 57 – f.gaubert@edr.com

STEELE & HOLT:

Laura Barkatz: +33 1 79 74 80 12 – laura@steeleandholt.com

Ginkgo:

Bruno Farber, Founding Partner: +41 79 232 58 72 - b.farber@ginkgo-advisor.com