Ambienta’s Sustainable Credit Opportunities strategy has secured more than €500m (£433.8m) of commitments at final close, exceeding its original target.
The European asset manager said the vehicle attracted commitments from more than 40 investors across Europe, Asia and North America. These included Dutch pension fund APG, the European Investment Fund, Italian pension fund Fondazione ENPAM, Generali Asset Management, the UK Local Government Pension Scheme Environment Agency Pension Fund and Finnish pension fund VER.
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“This fund enables us to provide financing solutions to companies driving positive environmental impact and deliver attractive returns to our limited partners (LPs),” said Ran Landmann, partner and chief investment officer, and Nishan Srinivasan, partner and co-head of Ambienta Credit. “We are excited to continue partnering with leaders across Europe to deliver value driven by sustainability.”
Ambienta’s credit strategy supports mid-market companies whose growth is driven by environmental sustainability.
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The firm has deployed €300m to companies across Europe and has €4bn in assets under management.
“Exceeding our target at final close is a testament not only to the strength of our environmental credit strategy and the clarity of our investment philosophy in a market where sustainability is increasingly seen as a driver of long-term value, but also to the powerful partnerships we have built with our LPs,” said Laurent Donin de Rosière, partner and head of investor relations and strategic partnerships.
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