RBS International has supported London-based independent infrastructure investment firm, Pioneer Point Partners, in working towards the latest target for its sustainable infrastructure fund.
RBS International, through its Luxembourg branch arranged the bilateral 12-month, EUR125 million investor backed leverage facility, for its inaugural European Renewable Infrastructure Fund, Pioneer Infrastructure Partners SCSp. A EUR30 million initial committed limit and a EUR95 million accordion feature will support the fund as it continues raising towards its EUR500 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 EUR1 billion of capital since its inception in 2008 and seeks to deliver 15 per cent-plus returns.
The funding will support their long-term sustainable infrastructure investments, supporting development of the energy transition and resource efficiency sectors.
Stefan Szczurowski, Director of Institutional Banking at RBS International, says: “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.
“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.
