BNP Paribas has launched an Article 9 fund, BNP Paribas Climate Impact Infrastructure Debt, which is seeking to raise between €500 million ($540.3 million) and €750 million ($810.4 million) from institutional investors.
The fund will invest in debt opportunities that support energy-transition projects, focusing on renewable energy, clean mobility and the circular economy, including sectors such as batteries, hydrogen and carbon capture.
The new fund will invest in continental Europe and has secured three investments already.
“As a responsible investor, we are proud to collaborate on the launch of Climate Impact Infrastructure Debt,” said Olivier Hereil, deputy CEO in charge of asset management at BNP Paribas Cardif. “Our conviction at BNP Paribas Cardif, alongside BNP Paribas Group’s energy transition policy, is that it is essential to manage policyholders’ savings in a long-term perspective by combining financial performance with a positive impact
