SCOR Investment Partners has launched a senior infrastructure debt fund focused on environmental and social factors.
The new SCOR Infrastructure Loans IV expands the firm’s current sustainable investment offerings, and will invest in projects that are making a “positive” environmental or social contribution.
The fund, classified as Article 9 under the EU’s SFDR, has been granted LuxFLAG Environment Applicant label status and has already secured an investment commitment worth €150 million from the firm’s anchor investor, SCOR.
The firm is targeting a fund size of between €750 million to €1 billion.
In a recent media statement, CEO of SCOR Investment Partners, Fabrice Rossary, said: “This fourth generation of our senior infrastructure debt strategies, which focuses on projects with a positive environment or social impact, reinforces our positioning as a sustainable investor.
“To deploy this new fund, our infrastructure team builds on its proven sourcing ability and strong track record. By design, the investment strategy naturally adapts to inflationary environments and interest rate hikes, and is particularly suited to volatile and uncertain market conditions.”
The fund has already invested in five infrastructure projects with a combined value of €100 million, ranging across sectors including fibre networks, data centres and the transportation sector.
The firm has implemented elements of sustainability into its strategies since 2013, with senior debt investments redirected to target ESG positive assets.
Since 2013, the firm has completed €1.6 billion of investments across 57 infrastructure debt transactions, led by SCOR Investment Partners’ infrastructure team leader, Paola Basentini.
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