CEE Group, a Hamburg, Germany-based asset manager specializing in renewable energies, has announced a groundbreaking financing structure under which it is securing up to €1.6 billion ($1.8 billion) from an international banking club by 2030 for CEE RF9, Germany’s largest repowering fund.
For the first time, investment fund financing of this magnitude is being consolidated at portfolio level without requiring additional equity commitment from the fund’s investors. CEE Group confirmed it decided against traditional underwriting and opted for a strategic club deal with selected partners. The international consortium of banks consisted of CIBC, ING, KfW IPEX-Bank, SMBC, SEB and UniCredit.
“To our knowledge, this financing structure is unique in the German market for alternative investment funds,” said Detlef Schreiber, CEO of CEE Group. “For the first time, we have achieved consolidation at portfolio level of the fund without additional equity from our institut
