The LBP AM Infrastructure Debt Climate Impact Fund, managed by LBP AM European Private Markets, has closed as it reached its fundraising goal of €500 million ($596 million), with commitments from existing and new institutional investors.
The first of its kind in Europe, the fund invests in low-carbon and decarbonizing infrastructure projects, with a focus on the European Union taxonomy and a global warming trajectory of less than 2 degrees Celsius. The fund is classified as Article 9 under the Sustainable Finance Disclosure Regulation, therefore directly contributing to reducing greenhouse gas emissions while ensuring sound environmental, social and governance (ESG) risk management.
“As Europe’s first climate impact infrastructure debt fund, this strategy has attracted subscribers from previous years and attracted new institutional investors, who accounted for 29 percent of the total fundraising,” said Bérénice Arbona, head of
