The European Investment Bank (EIB) and the Banque des Territoires have led an initial EUR 100 million (US$ 109 million) fundraising by Advisors & Partners (A&P) for a newly launched European transport infrastructure transition finance fund (SETEF).

SETEF represents the inaugural fund within a series of private equity infrastructure transition finance funds dedicated to the enduring development, operation, and financing of European transportation equipment assets. The fund has established a fundraising goal of EUR 160 million (US$ 175 million), with a hard cap set at EUR 208 million (US$ 227 million). Advisors & Partners LLP (A&P) anticipates securing the additional capital by the conclusion of 2024. As part of the strategy, SETEF aims to possess freight railcars and river barges available for lease under operating agreements to logistics operators, private and state-owned railway companies, as well as industrial enterprises across Europe and neighboring regions. This approach is envisioned to generate sustained and reliable revenues. A&P has enlisted the services of Touax Group, an operator and lessor specializing in transportation equipment assets.