Ambienta’s Sustainable Credit score Alternatives fund grown to “full energy” since its first shut in January, with new group members added and greater than 200 offers screened up to now.
Of these 200 offers, six have been executed for the reason that begin of the 12 months, the asset supervisor confirmed.
This deployment was supported by “numerous skilled professionals with language capabilities and structuring abilities overlaying all major European markets”, who’ve expertise of working at main non-public credit score establishments, Ambienta added.
These hires have accomplished the build-out of the fund’s eight-strong group.
Learn extra: Personal market impression fund efficiency akin to enterprise capital
In an replace to buyers, Ambienta mentioned that environmental sustainability themes proceed to drive credit score alternatives throughout sectors with common deal leverage of two.8x.
The fund’s portfolio at the moment consists of established corporations with common double digit EBITDA margins and common income progress of greater than 10 per cent. Geographies embody Germany, France, UK, Italy and Eire. All corporations share the widespread theme of environmental sustainability as a driver of progress.
“We’re happy with the success of our proposition to providing mid-market corporations entry to financing,” mentioned Ran Landmann, companion and chief funding officer, and Nishan Srinivasan, companion and head of origination at Ambienta.
Learn extra: Personal credit score yields attain 10-year excessive
“Our engagement with so many administration groups, sponsors and family-owned companies proves that environmental sustainability is a constant driver of progress and efficiency.”
All of Ambienta’s investments are underpinned by analysis delivered by the agency’s sustainability and technique group of scientists and engineers, who map out how environmental sustainability traits reshape worth chains and create compelling funding alternatives.
“There may be growing consciousness amongst LPs of what constitutes genuine sustainable investing within the credit score area and that could be a very constructive improvement to witness,” mentioned Laurent Donin de Rosière, companion and head of investor relations and strategic partnerships at Ambienta.
“We’re thrilled to have the ability to ship each an exceptionally effectively positioned product to our sturdy and rising investor base, and a novel alternative for partnership to entrepreneurs.”
Learn extra: Schroders Capital publishes newest sustainability and impression report