SWEN Capital Partners (SWEN CP), a specialist in responsible private equity, has held the the final close of SWEN Infra Multi-Select 4 (SIMS 4), which is classified as an Article 8 fund under the EU’s SFDR, at €470 million.
SWEN CP has now raised more than €1 billion over the last 12 months in multi-strategy infrastructure and equity investments across its mandates, advisory clients through its SIMS 4 fund and SWEN Exclusive Infrastructures, a fund dedicated to the needs of private banking that was launched in October 2021 via co-investments with SIMS 4.
SIMS 4 offers a predominately European investment programme in sectors such as telecommunications, energy transition, low-carbon mobility, and health & education infrastructure, with a stringent ESG approach under which climate issues are systematically analysed. The fund targets an average annual internal rate of return (IRR) between 8% and 10% and an average investment ticket around €30 million as concerns primary or secondary funds, and €15 million to €25 million for direct investments.
To date, the fund has made 16 investments, of which 7 are direct co-investments. Sectors include fibreoptics, renewables, food & agriculture logistics and low-carbon transport. These investments, which bring the fund to around 50% of full deployment, illustrate the positive dynamics of the team and the momentum of its reference market.
