Conquest obtains AIFM authorisation in France and launches Conquest Sustainable Infrastructure II
Conquest is an alternative asset management firm, invested in long-term sustainable value stemming from European infrastructure and energy transition real assets.
Conquest has been approved by the French regulator, Autorité des Marchés Financiers, as an authorised AIFM and announces the launch of its second European infrastructure fund, Conquest Sustainable Infrastructure II.
Tailored for institutional investors, Conquest Sustainable Infrastructure II invests in equity with a majority position in core energy transition infrastructure assets at an advanced stage of development, with long-term cash flows and an attractive risk-adjusted return combined with an annual cash yield as soon as year three. The fund is characterised by its low correlation to market and business cycles and its diversification across Western European countries as well as technologies (including solar PV, wind, storage, energy efficiency, waste-to-energy and e-mobility).
Since its inception in 2012, Conquest has built a strong European team of seasoned professionals combined with a vast network of industrial partners. Thanks to the trust in these partnerships, the fund has a pipeline of secured proprietary projects representing EUR240 million in equity to deploy at first close. The projects identified are mainly located in France, Spain and Italy. They will be deployed within 24 months of the first closing, which represents 50 per cent of the fund's target size.
To date, Conquest's investment portfolio produces approximately 277GWh of renewable energy each year, representing the annual consumption of circa 83,000 homes, and avoiding over 63,000 tons of CO2 emissions. This proven alternative investment strategy provides Conquest’s clients with an access to long-term and secured annual returns, which reinforces the management and control of the risks inherent to private markets.
Frédéric Palanque, Managing director and founder of Conquest, says: "We are very pleased to announce the launch of our follow-on vehicle dedicated to the infrastructure and energy transition asset class, called Conquest Sustainable Infrastructure II. We have a target of raising EUR500 million. This new key milestone in Conquest's development is also marked by the fact that we have access to the European distribution passport from the AMF. Since our inception, we have been committed to investing and creating value in responsible projects that accelerate the transformation of the economy and critical infrastructure towards a sustainable growth model. Conquest's industrial and operational expertise gives it a decisive competitive edge for the benefit of its investor clients."