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NIBC raises EUR 300m to invest in European infrastructure First published in Cleantech magazine, June/July 2007. Copyright Cleantech Investor Ltd, 2007
Fund & Investors The infrastructure investment arm of bank NIBC has completed an initial fundraising round for its new vehicle, attracting EUR 300m from cornerstone investors ABP, PGGM and NIBC Bank. The fund’s final close, set at a hard-cap of EUR 500m, is forecast for Q4 07. The terms and conditions are said to be set according to industry’s standards. Darren Kyte is the fund manager of NIBC Infrastructure Partners and has been responsible for the establishment and development of NIBC’s infrastructure activities over the past ten years.
Investments The fund’s investment focus is on project-based investments and mid-market corporate acquisitions in social infrastructure, roads and transportation infrastructure, waste management, renewable energy, and oil & gas storage and distribution facilities. The fund has a geographical mandate covering the European Union, with focus on the Benelux, UK and Germany and has local executives based within NIBC’s European offices in The Hague, London and Frankfurt.
Info Name: NIBC The Hague (HQ) Target: EUR 300m Contact NIBC Bank N.V. Carnegieplein 4 2517 KJ The Hague Tel: +31 70 342 54 25 |