Stockholm (NordSIP) – Obligo Investment Management AS, a Nordic alternative asset manager specialising in sustainable infrastructure and real estate, continues to leverage its local presence and network to create value for stakeholders and investors. On 28 June, the firm announced the first closing of its third infrastructure fund, Obligo Nordic Climate Impact Fund. As the name indicates, the new Article 9 fund will be investing in climate impact assets in the Nordics, aiming to facilitate the transition to a decarbonised and sustainable society.
Obligo Nordic Climate Impact Fund aims to invest in four sectors mainly: renewable energy, energy distribution and storage, clean mobility, and digital infrastructure. The focus will be on the somewhat overlooked lower mid-market segment. The fund will execute investments with a hundred per cent exposure to green, EU Taxonomy-compliant cashflows through both direct impact and enabling activities. Investors would certainly be happy to hear that Obligo also promises transparent, TCFD-compliant ESG reporting.
Nordic institutional investors, amongst them pension funds, endowments, and family offices seem to have embraced the new impact opportunity. The first close, at EUR 50 million, is a good start towards the final target of EUR 200-300 million. According to Obligo, the Nordic Climate Impact Fund has attracted new investors, alongside those who have already entrusted their capital to the manager in previous funds.
“We are very thankful for the strong backing from existing and new investors in our Obligo Nordic Climate Impact Fund,” comments Christian Dovland, Obligo’s CEO. “Sustainable investing is part of Obligo’s DNA, and as a pioneer in this area, we are humbled and grateful for the support and interest we have in investing for the next generation. We are looking forward to working with local stakeholders to create value, green jobs, and sustainable local communities,” adds Dovland.
