Conquest Raises EUR 115m in First Close for Its European Renewables Real Assets Fund
Conquest has completed an initial close for its renewable power fund, with EUR 115 million as a result from solicitations and commitments from European institutional investors, including insurance companies, pension funds, banks, and global energy corporates.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170321005710/en/
In a volatile market, with historically low long-term government bond yield, meeting their asset liability matching requirements is challenging for institutional investors globally. The alternative infrastructure sector, and the renewable real assets in particular, is increasingly providing opportunities for less correlated, inflation-linked, and long-term yielding revenues.
Conquest Renewable Yield Europe has a 20-year strategy, deploying equity in OECD renewable power real assets, with a primary focus on Western Europe brownfield solar and wind portfolios. The fund will deliver a recurring annual yield to investors, with an unlevered or reduced debt exposure, in addition to a target exit IRR in line with the sector’s expectations.
Frédéric Palanque, Managing Director at Conquest, says: “Infrastructure real assets, such as renewable power assets, offer this unique long-term predictable and sustainable cash-flow profile, which institutional investors tend to mirror in their ALM strategies. We believe the fund will disrupt the existing infrastructure landscape, as investors will benefit form a +20-year ‘Super Bond’ like return, which adequately suits the institutions with a long time investment horizon, looking for recurring fixed income with inflation-protection. However, the fund is also crafted to offer the necessary exit flexibility, for the ones requiring an earlier arbitration, as early as year 10.”
“European investors have demonstrated to be bullish on the renewable power asset class, driven by the investment in new power generation capabilities to replace ageing facilities, with cost effective solutions, and compliant with the climate change concerns” noted Stéphane Wattez-Richard, Director at Conquest. This first close is a confirmation of the trust in Conquest expertise in the Infrastructure landscape, and the depth of the brownfield real assets pipeline of the fund, which will lead to transactions in a near future and present co-investment opportunities.
Conquest is an independent asset management and advisory firm with significant expertise in a broad range of international transactions and strategic situations. Clients and investors trust Conquest to provide thoughtful, custom-tailored solutions that help drive their strategic, and financial goals.
The information contained in this press release cannot be reproduced, copied, or transferred without the prior consent of Conquest. Information contained in this press release does not constitute or form part of any offer or solicitation to offer any securities, investment advice, or an offer or solicitation of any advisory services
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
MASIMO16.7.2018 07:02 | pressemeddelelse
New Study Investigates the Utility of Masimo PVi® as Part of Goal-Directed Fluid Management in Patients Undergoing Colorectal Surgery
ANT-FINANCIAL16.7.2018 04:02 | pressemeddelelse
Alipay and Singapore Tourism Board join hands to boost Chinese tourist spending
KOZA-ALTIN13.7.2018 18:00 | pressemeddelelse
Koza Altin Welcomes Court’s Rejection of Akin Ipek’s Share Purchase Agreement
MINDBREEZE13.7.2018 17:29 | pressemeddelelse
Mindbreeze Positioned in the Leaders Quadrant of the Gartner’s 2018 Magic Quadrant for Insight Engines
H.I.G.-CAPITAL13.7.2018 16:08 | pressemeddelelse
H.I.G. Capital Announces the Sale of Kondor
VISA-INC.13.7.2018 11:02 | pressemeddelelse
Contactless Technology Powers Fifty Percent of Purchases at 2018 FIFA World Cup Russia™
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum