Europe's leading public financial institutions launch "Marguerite", the 2020 European Fund for Energy, Climate Change and Infrastructure

Brussels, December 4, 2009: Europe's leading public financial institutions have launched a pan-European infrastructure fund with an initial capital of EUR 600 million and invited other investors to join them in a First Closing by March 3, 2010. The Fund volume is targeted at EUR 1.5 billion for final closing in 2011.

Set up under Luxembourg law, the Marguerite Fund is a pan-European equity fund which aims to act as a catalyst for infrastructure investments implementing key EU policies in the areas of climate change, energy security, and trans-European networks. The Fund should serve as a model for the establishment of other similar funds in the EU wishing to combine a market-based principle of return to investors with the pursuit of public policy objectives.

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Posted by claire at December 4, 2009 6:29 PM