EQS-News: Encavis Asset Management AG / Keyword(s): Fund/Market launch
Encavis Asset Management AG and BayernLB launch alternative investment fund VAG dedicated to renewable energies with BayernInvest
16.11.2022 / 07:03 CET/EST
The issuer is solely responsible for the content of this announcement.

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Encavis Asset Management and BayernLB launch alternative investment fund VAG dedicated to renewable energies with BayernInvest

The third mutual fund for institutional investors is specially designed for insurance companies, pension funds and pension funds.

Neubiberg/Munich, November 16e2022 – Encouraged by the success of their previous investment funds, Encavis Asset Management (Encavis AM) and BayernLB recently launched an additional investment opportunity for the growing market around renewable energy: Encavis Infrastructure Fund V (EIF V). Unlike its sister fund EIF IV, which is aimed exclusively at banks, the new fund is aimed at insurance companies, pension funds and retirement funds. Seed financing of 50 million euros was provided by OMP Capital, a player in tailor-made credit financing for the energy transition in Europe. OMP is majority owned by renowned Nordic private equity investor HitecVision, a market leader in its field.

The fund acquires assets that produce, convert and store energy from renewable sources. Its highly diversified portfolio focuses on a wide range of technologies in wind farms and solar farms. Across Europe, EIF V also plans to invest in related technologies such as battery storage and possibly gas supply solutions. The aim is to establish a future-proof portfolio of assets that will supply European markets with green energy in a sustainable way. Initially, the plan is to increase the fund to 600 million euros, with the possibility of storing up to 1.2 billion euros by investing equity. The stable and long-term income that can be obtained from the independent supply of green energy should allow the fund to generate very attractive annual returns of 6-8% over the next 25 years.

“Given the continued strong demand from institutional investors for sustainable investment opportunities, particularly in the area of ​​renewable energy, we are confident that this fund will be quickly filled,” predicts Karsten Mieth, CEO of Encavis Asset Management AG. .

Encavis AM will be in charge of selecting, auditing and operating the wind and solar farms. Acting as AIFM, BayernInvest Luxembourg SA will oversee the management of the fund and will pursue a strict sustainable investment strategy with the corresponding ESG classification in accordance with article 9 of the SFDR (European Union Sustainable Finance Disclosure Regulation). BayernLB will be responsible for soliciting and supporting investors.

About Encavis Asset Management AG:

Encavis Asset Management AG offers institutional investors tailored portfolios and fund solutions in the growing renewable energy market. Having successfully invested in this field since 2006, the company covers the entire value chain from asset sourcing to the operational management of acquired assets.

Encavis Asset Management AG is a wholly owned subsidiary of Encavis AG, listed on the MDAX (Prime Standard; ISIN: DE0006095003, ticker symbol: ECV) and, as a member of the corporate family, benefits from the experience of long-standing and the industrial network of the Encavis group. .

Encavis AG is a listed IPP (Independent Power Producer) focusing on renewable energy in Europe. The company acquires and operates solar parks and (onshore) wind farms in Germany and other European countries. The plants belonging to the Encavis group currently generate around 3.4 gigawatts (GW), which equates to more than 1.4 million tonnes of carbon emissions less per year.

Encavis is a signatory of the United Nations Global Compact and a member of the UN PRI network. The Encavis Group has been recognized by two world-leading ESG research and rating agencies for its achievements and performance in the area of ​​ESG (environmental, social and corporate governance). Their sustainability performance has been rated “A” by MSCI ESG Ratings, while ISS ESG – another internationally renowned agency – has awarded Encavis “Prime” status.

For more information about the company, please see www.encavis-am.com

About BayernLB:

BayernLB is a specialist bank that provides significant financial support to Bavarian and German companies. It is dedicated to progress. Committed to a sustainable business strategy, the bank’s clientele is made up of businesses, mortgage lending companies, institutional investors and public authorities.

Most of the companies that do business with BayernLB are involved in high-tech areas such as mobility, energy, technology, construction and raw materials, mechanical engineering and plant construction. The bank is focused on helping companies in these sectors successfully grow and develop their business models. As a real estate financier, the bank offers holistic expertise and support throughout the real estate value chain, as well as in many asset classes. BayernLB is the central bank for savings banks in Bavaria and has been a proven and reliable partner for savings banks within the federal state and also throughout Germany for many decades. Its subsidiary DKB is a technology bank providing more than 4.5 million customers with an exceptional customer experience and exceptional digital solutions. BayernLB is owned by the Free State of Bavaria and the Association of Bavarian Savings Banks.

About BayernInvest Luxembourg SA:

As an asset management company focused on sustainable investment strategies, BayernInvest offers institutional and private investors innovative and tailor-made investment and risk management concepts, professional fund management and development reports. market-leading durability. With BayernInvest Luxembourg SA’s alternative investment platform, the company can execute even complex investment strategies in the alternative asset class segment, tailored to the specific needs of each client. Founded in 1989, BayernInvest is responsible for administering investment funds with a total value of 100 billion euros. The 100% subsidiary of BayernLB has regional roots and constantly follows the development of the international market.

Contacts for media inquiries

Encavis S.A.
Tanja Van den Wouwer
Head of Sustainable Development and Communications
Telephone +49 89 44230 6025
[email protected]

Andreas Zimniok
Communications Manager
Telephone +49 89 2171 21306
[email protected]

Ralf Rosenbaum
Executive Board Spokesperson
Telephone +352 28262440
[email protected]

Investment Funds Marketing Contact

BayernLB – Alternative Investments Team

Herbert Schädler
Senior Director – Alternative Investments
Telephone +49 89 2171-25371
[email protected]

Zeljko Pantic
Head of Department – ​​Alternative Investments
Telephone +49 89 2171-29207
[email protected]

Thomas Seel
Head of Department – ​​Alternative Investments
Telephone +49 89 2171-25165
[email protected]

16.11.2022 CET/CEST Broadcast of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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