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Pearl Infrastructure Capital and Edmond de Rothschild Private Equity have completed the third closing of a new fund called Pearl Infrastructure Capital II SCA, RAIF.
The completion of the financing is in line with the fund’s target of €400 million, with investors contributing €306 million ($334.8 million) to the fund.
PEARL II has a base of French and European investors, including the European Investment Fund (under the InvestEU program), banks, insurance companies and pension funds. The fund specializes in equity financing of the majority of environmental infrastructure projects in Europe.
Projects include renewable energy production, waste recovery and circular economy, and are primarily targeted at large industrial groups and municipalities facing the dual challenges of environmental protection and energy transition. Masu. (See examples of energy projects in France below.)
Investments will focus on various sectors such as biomass, biogas, biomethane, solid biofuels and transportation liquids, green hydrogen, geothermal energy and waste recovery.
After its final close in March 2020, Pearl has fully rolled out its first vintage fund in two and a half years, Pearl Infrastructure Capital I SCA, RAIF.
“Against a backdrop of inflation, investors continue to have confidence in our company. The PEARL strategy emphasizes the importance and relevance of building a low-carbon, resilient and sustainable economy for future generations. and our group is firmly committed to it,” said Johnny El Hahem. said Edmond de Rothschild Private Equity CEO.
Edmond de Rothschild Private Equity manages over €4 billion in assets through two alternative investment funds.
Please be careful here. 3rd Wealth Briefing Wealth For Good Awards 2024 can be entered. The awards program provides all participants in the global wealth management industry the opportunity to demonstrate commitment and excellence in areas such as ESG, impact, diversity and inclusion.
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