Ambienta holds first close of €500m credit fund
European environmental sustainability investor Ambienta has announced the first closing of its new credit fund, which has a target value of €500m (£428m).
The Ambienta sustainable credit opportunities fund – also known as Ambienta Credit – has already reached half of this initial target, thank to commitments from a number of European and US-based institutional investors.
The fund will follow Ambienta’s overall strategy of investing in mid-market companies whose products or services work to reduce pollution or improve resource efficiency.
Read more: BlackRock exec forecasts “significant shift” towards private markets
“Sustainability is a long-term trend, which will only become more relevant in the future,” said Ran Landmann, partner and chief investment officer, and Nishan Srinivasan, partner and head of origination at Ambienta.
“We are excited to be partnering with leading investors, who like us, recognise that investment in environmental sustainability drives value.
“We are excited that Ambienta Credit will complement our existing platform, providing an opportunity to partner with even more sustainability champions, who are looking to finance growth and identify credit solutions.”
Read more: Man Group looks to balance liquidity more between managers and investors
Laurent Donin de Rosière, partner and head of investor relations and strategic partnerships at Ambienta, said that the new fund already has a strong pipeline of investors.
“We are thrilled to have reached this important milestone in our journey,” he said.
“We continue to have a very strong pipeline of LPs and are grateful for the strong support and confidence from Ambienta’s existing as well as new investors.
“In the current market environment, the importance of private credit is clearly indisputable. Combined with the increasing importance for investors to identify authentic sustainability investment solutions, Ambienta Credit provides a unique proposition and an exceptionally well positioned product to deliver both partnerships for entrepreneurs and investment opportunities for LPs.”
Read more: Phoenix launches private credit and lending solutions platform
