BaltCap, one of the largest private equity fund managers in the Baltics, has held the first closing of its €200m target BaltCap Infrastructure Fund II (BInF II), a 20-year successor fund focused on renewable energy generation and energy demand reduction.
The fund, which is an Article 9 fund under the EU Sustainable Finance Disclosure Regulation, will also target investment in transport infrastructure in the Baltics and Poland.
The new fund will continue the proven strategy of its predecessor fund with a goal of financing infrastructure projects with positive environmental and social impact. BInF II will primarily focus on investments in renewable energy projects such as wind farms, solar parks, and biomass and biogas plants. It will also continue to help local municipalities to increase the energy efficiency of their buildings as well as provide essential services, including establishing and renovating schools, public buildings, and other social infrastructure.
The cornerstone investor of BInF II is the European Investment Fund (EIF), while other investors include Swedbank pension funds, SEB pension funds, LHV Pension funds and pension funds managed by Citadele group.
