On the Lookout for Sustainable PE

    Stockholm (NordSIP) – While for many institutional investors, activity is seemingly slowing down ahead of the holidays, there are also those who finally find the time to delve into exciting new projects. On 21 December, Global Fund Search published a new request for proposal on its platform. According to the announcement, a German private bank is looking to invest in an open-ended European sustainable private equity fund. Initially, the bank expects to commit EUR 10-15 million to the manager of their choice.

    The investment will be targeting a return of ten per cent plus. The bank is envisioning a growth equity strategy, or venture capital, within the infrastructure, energy, and power sectors. Key among the search criteria is that the focus should be on green technology, green infrastructure, and green energy.

    Both primaries, secondaries and even fund-of-funds are of interest. However, the investment vehicle needs to have an open-ended structure.  The bank states in the RFP that liquidity is important to this mandate, hence monthly liquidity and independent pricing would be preferred.

    The potential manager needs also to be a UN PRI signatory with at least five years of track record in the asset class.

    More information is available on GFS‘s platform for submissions.

    The deadline for submitting a proposal is as soon as 21 January next year. It gives any aspiring managers only a month to respond. There goes Christmas…

    Image by 165106 from Pixabay

    Julia Axelsson, CAIA
    Julia Axelsson, CAIA
    Julia has accumulated experience in asset management for more than 20 years in Stockholm and Beijing, in portfolio management, asset allocation, fund selection and risk management. In December 2020, she completed a program in Sustainability Studies at the University of Linköping. Julia speaks Mandarin, Bulgarian, Hindi, Russian, Swedish, Urdu and English. She holds a Master in Indology from Sofia University and has completed studies in Economics at both Stockholm University and Stockholm School of Economics.
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