Europe’s leading National Promotional Banks and European Investment Bank announced the launching of Marguerite II, a pan-European infrastructure fund with total commitments in excess of €700 million (US$ 832,29 million); ensuring continued support for key infrastructure investments in renewables, energy, transport and digital infrastructure by the Marguerite platform.
Infrastructure/PPP news in Luxembourg
The board of the European Investment Bank has approved new financing totalling €12.4 billion (US$14.5 billion) for the support of rail, road, air and maritime transport investment around the world and backing for new renewable energy and security of energy supply schemes. New PPP financing for tram, motorway and internet investment was also agreed.
Edmond de Rothschild Asset Management has completed a first close of its second vehicle, the Benjamin de Rothschild Infrastructure Debt Generation (BRIDGE) fund.
Conquest has launched its renewable power fund, Conquest Renewable Yield Europe, dedicated to acquiring and managing renewable power generation real assets.
Luxembourg has launched a tender process to seek a private partner for the development of a PPP school project.
UBS Asset Management’s Infrastructure and Private Equity business has announced the final close of its inaugural infrastructure debt fund, Archmore Infrastructure Debt Platform, which has raised €570 million (US$640 million).
Cube Infrastructure Managers has announced the first closing of Cube Infrastructure Fund II (Cube II), securing a total of €358.5 million (US$400.6 million) in capital commitments.
Alceda has partnered with CBRE Clarion Securities to launch a new infrastructure fund on its Luxembourg-based UCITS platform. As a result, pan-European investors will be able to access CBRE Clarion’s leading listed infrastructure strategy via a liquid and regulated UCITS vehicle.
The European Investment Bank (EIB) has launched a tender process to receive technical and financial offers for management of the Connecting Europe Broadband Fund (CEBF).
Ministry of Sustainable Development and Infrastructure of Luxembourg has launched a tender process for advisory and consultative engineering services for a school PPP project.
Cube Infrastructure Fund II, a generalist infrastructure fund targeting on equity investments in medium-sized operators, is seeking funding from the European Investment Bank (EIB).
Etix Everywhere, a company specialized in the construction and operation of modular data centers, has received an investment of €15 million from its two financial partners.