Published on 29th September 2021
Shared vision in supporting sustainable infrastructure.
RBS International has supported London-based independent infrastructure investment firm, Pioneer Point Partners, in working towards the latest target for their sustainable infrastructure fund.
RBS International, through its Luxembourg branch arranged the bilateral 12-month, €125m investor backed leverage facility, for its inaugural European Renewable Infrastructure Fund, Pioneer Infrastructure Partners SCSp. A €30m initial committed limit and a €95m accordion feature will support the fund as it continues raising towards its €500m target.
Pioneer, which was founded by four partners with over 90 years’ combined investment experience in the energy transition and environment sectors across Europe, has committed over €1bn of capital since its inception in 2008 and seeks to deliver 15%+ returns.
The funding will support their long-term sustainable infrastructure investments, supporting development of the energy transition and resource efficiency sectors.
Stefan Szczurowski, Director of Institutional Banking at RBS International commented: “We are pleased to be supporting Pioneer’s European Renewable Infrastructure Fund and continuing the strong relationship that we’ve built with the firm, growing our objective of supporting investors in making positive investments for the climate.
“The fund’s investment strategy of targeting investments in the lower mid-market, value-add infrastructure segment in the European Union aligns with RBS International’s sustainability-focused Purpose agenda, and we’re thrilled to be working with a firm that shares our vision in supporting sustainable infrastructure.”
Osborne Clarke (London) and Wildgen (Luxembourg) acted as legal advisors to RBS International.
About RBS International Institutional Banking
We specialise in helping institutional clients look after their money and manage risk. This includes transactional banking, fund financing, liquidity and risk management, and depositary services (through separate legal entities). We’re based in Jersey, Guernsey, London, Luxembourg, Gibraltar and the Isle of Man so our clients get personal, tailored support from a local expert. And our multi-currency online banking platform, eQ, lets them move and manage money the same way they do their personal banking.
Our clients include alternative investment fund managers, asset managers, fund administrators and corporate service providers. With our culture of restless innovation, we work to make banking easy. We’re focused on delivering all the services our clients need, where and when they need them.