Interim close announced for SWEN Infra Multi-Select 4 (SIMS 4) fund

SWEN Capital Partners, a leading player in responsible investment for unlisted assets, has completed the interim closing of its infrastructure fund, SWEN Infra Multi-Select 4 (SIMS 4). The fund stands at EUR 255 million (US$269.27 million) with participation from French and European investors, furthering SWEN’s ambition of supporting the transition to a low-carbon economy in Europe.

Building on the solid track record of previous vintages, the new fund takes another step forward as regards integration of ESG criteria. Meanwhile, SWEN Capital Partners is increasing the proportion of direct investments in its portfolio and seeks for this new program to find a balance between direct investments and primary or secondary funds.

SIMS 4 presents a predominantly European investment program covering a broad range of sectors including telecommunications, sustainable transport, health, and education, or energy infrastructure compatible with the necessary climate transition. With 7 investments already made, including 4 direct investments, SIMS 4 has capitalized on SWEN Capital Partners’ quality pipeline.

This new generation of the fund reflects SWEN Capital Partners' determination to strengthen the process of placing ESG and climate issues at the heart of investment decisions. In a significant innovation, SWEN Infra Multi-Select 4 will integrate four specific "ESG markers," derived from extensive in-house research. These are: respect for the environment, connection to regionally essential goods and services, diversity, and fair sharing of value.

In keeping with SWEN's Climate ambition, SIMS 4 has, from the outset, adopted the “Net Environmental Contribution” (NEC)methodology, starting with its direct investments. Providing a true environmental footprint of investments based on a multi-criteria approach, NEC measures the alignment of a business activity company or project with the environmental and energy transition. A scientific method based on physical units, NEC addresses not only the climate but also biodiversity, water, waste/resources, and air quality. The methodology takes a life-cycle approach by considering all impacts along value chains. The result is a unique score on a universal scale from -100% to +100%, applicable to all business activities and all asset classes and suitable for aggregation in portfolios and indices. SWEN CP is always working to enhance its set of environmental and climate metrics (green share per the taxonomy, portfolio temperature, etc.) to better address environmental issues through its investments and taking into account social challenges.