RBS International, through its Luxembourg branch, has supported London-based independent infrastructure investment firm, Pioneer Point Partners, in working towards the latest target for their sustainable infrastructure fund.
RBS International Luxembourg arranged the bilateral twelve-month €125 million investor backed leverage facility for its inaugural European Renewable Infrastructure Fund, Pioneer Infrastructure Partners SCSp. A €30 million initial committed limit and a €95 million accordion feature will support the fund as it continues raising towards its €500 million target.
Pioneer, which was founded by four partners with over 90 years' combined investment experience in the energy transition and environment sectors across Europe, has committed over €1 billion of capital since its inception in 2008 and seeks to deliver more than 15% returns.
The funding is intended to support their long-term sustainable infrastructure investments, supporting development of the energy transition and resource efficiency sectors.
"We are pleased to be supporting Pioneer's European Renewable Infrastructure Fund and continuing the strong relationship that we've built with the firm, growing our objective of supporting investors in making positive investments for the climate", commented Stefan Szczurowski, Director of Institutional Banking at RBS International. "The fund's investment strategy of targeting investments in the lower mid-market, value-add infrastructure segment in the European Union aligns with RBS International's sustainability-focused Purpose agenda, and we're thrilled to be working with a firm that shares our vision in supporting sustainable infrastructure".
Osborne Clarke (London) and Wildgen (Luxembourg) acted as legal advisors to RBS International.
