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Financing EM Infrastructure with Nordic Backing

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Stockholm (HedgeNordic) – Swiss impact investor BlueOrchard has announced the first closing of its infrastructure-focused private debt fund BlueOrchard Sustainable Asset Fund, with support from Nordic institutional investors such as Finland’s Church Pension Fund and Pension Fund of Finnish Broadcasting Company, YLE. The fund will provide debt financing to green infrastructure projects in emerging and frontier markets, focusing on projects in renewable energy, energy efficiency, and clean transportation.

“We strongly believe in the concept of profit with a purpose.”

“We strongly believe in the concept of profit with a purpose,” comments Topi Piela, CEO of YLE, Pension Fund of Finnish Broadcasting Company. “We are proud to partner up with the leader in this field, in order to invest with a measurable impact and to address crucial climate-related investment gaps in emerging markets.”

BlueOrchard Sustainable Asset Fund, managed by a team with a long track record in sustainable infrastructure investing across the emerging world, focuses on climate change mitigation and long-term economic development across emerging and frontier markets. Infrastructure plays an important role for both social and economic development, and BlueOrchard seeks to close a significant gap for the financing of mid-sized projects in key emerging and frontier markets.

“The strong support from Nordic investors in this endeavour is great news.”

“Around 75% of the UN SDGs investment gap is made up of critical infrastructure projects in growth markets. We are excited to contribute to closing this gap by leveraging BlueOrchard’s 20-year history as a leader in emerging markets impact finance,” comments Felix Hermes, Head of Private Equity and Sustainable Infrastructure at BlueOrchard. “The strong support from Nordic investors in this endeavour is great news.”

“We are very pleased that we have found an experienced partner in BlueOrchard to address unmet climate finance needs in particularly those regions of the world that are the most vulnerable.”

“There is urgent need to accelerate the transition towards a low carbon economy. With a net zero target set by 2035, we have a strong focus on increasing investments in climate solutions,” says Ira van der Pals, CIO at Finland’s Church Pension Fund. “We are very pleased that we have found an experienced partner in BlueOrchard to address unmet climate finance needs in particularly those regions of the world that are the most vulnerable.”

 

Photo by Appolinary Kalashnikova on Unsplash

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Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

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