Eurazeo launches Sustainable Maritime Infrastructure thematic fund

Eurazeo has launched its Sustainable Maritime Infrastructure thematic fund to finance more environmentally friendly infrastructure and technologies in the maritime sector that support the transition to a low carbon economy. As a consequence, the fund will have the objective of pursuing sustainable development within the meaning of Article 9 of Regulation (EU) 2019/2088 (known as the Disclosure Regulation) and will participate directly in the deployment of O+, the Group's ambitious ESG strategy.

Currently, 90% of the world's goods are transported by sea. Therefore, the decarbonization of the maritime sector is crucial to the fight against climate change. To meet this challenge, the Fund will mainly finance three types of infrastructure: ships equipped with advanced technologies that negate or curtail environmental harm, innovative harbor equipment, and assets that contribute to the development of offshore renewable energy.

The Fund will support around fifty European facilities that will back the transition of the maritime economy to become carbon neutral by 2050 and in line with the ambition announced in the European Green Deal. Several sovereign and institutional investors have already confirmed their involvement in the Fund, which has a target size of EUR300 million (US$361.3 million).

The Fund, which will be managed by Idinvest Partners, offers investors with a limited risk appetite a highly desirable solution, through its asset financing operations, which will generate quarterly distributions from rents received on maritime assets. The Fund will directly own these maritime assets to further limit risk. As such, the Fund will benefit from Solvency Capital Requirement of less than 10%