European environmental sustainability investor Ambienta has introduced the primary closing of its new credit score fund, which has a goal worth of €500m (£428m).
The Ambienta sustainable credit score alternatives fund – also referred to as Ambienta Credit score – has already reached half of this preliminary goal, thank to commitments from a variety of European and US-based institutional traders.
The fund will comply with Ambienta’s total technique of investing in mid-market firms whose services or products work to cut back air pollution or enhance useful resource effectivity.
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“Sustainability is a long-term development, which can solely develop into extra related sooner or later,” stated Ran Landmann, accomplice and chief funding officer, and Nishan Srinivasan, accomplice and head of origination at Ambienta.
“We’re excited to be partnering with main traders, who like us, recognise that funding in environmental sustainability drives worth.
“We’re excited that Ambienta Credit score will complement our current platform, offering a possibility to accomplice with much more sustainability champions, who wish to finance development and determine credit score options.”
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Laurent Donin de Rosière, accomplice and head of investor relations and strategic partnerships at Ambienta, stated that the brand new fund already has a robust pipeline of traders.
“We’re thrilled to have reached this essential milestone in our journey,” he stated.
“We proceed to have a really sturdy pipeline of LPs and are grateful for the sturdy help and confidence from Ambienta’s current in addition to new traders.
“Within the present market setting, the significance of personal credit score is clearly indeniable. Mixed with the rising significance for traders to determine genuine sustainability funding options, Ambienta Credit score offers a singular proposition and an exceptionally properly positioned product to ship each partnerships for entrepreneurs and funding alternatives for LPs.”
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