{"id":44876,"date":"2015-09-17T01:11:19","date_gmt":"2015-09-16T23:11:19","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/mirova-raises-e600-million-and-surpasses-its-initial-target-for-its-first-brownfield-infrastructure-fund-the-mirova-core-infrastructure-fund\/"},"modified":"2015-09-17T01:11:19","modified_gmt":"2015-09-16T23:11:19","slug":"mirova-raises-e600-million-and-surpasses-its-initial-target-for-its-first-brownfield-infrastructure-fund-the-mirova-core-infrastructure-fund","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/mirova-raises-e600-million-and-surpasses-its-initial-target-for-its-first-brownfield-infrastructure-fund-the-mirova-core-infrastructure-fund\/","title":{"rendered":"Mirova raises \u20ac600 million and surpasses its initial target for its first brownfield  Infrastructure fund, the Mirova Core Infrastructure Fund"},"content":{"rendered":"<p><strong>Strong investor demand has resulted in the Mirova Core Infrastructure Fund<br \/>\nsurpassing its initial target of raising.<\/strong><\/p>\n<p>While the initial target was of \u20ac500 million, the first close of \u20ac600 million has been held in July<br \/>\n2015.The fund is now nearing its revised hard cap and the final close is expected to be held in<br \/>\nOctober 2015.<\/p>\n<p>The capital for the fund was raised from a diverse group of prominent European investors<br \/>\nincluding pension funds, insurance companies and funds of funds. It also has the support of a<br \/>\nnumber of leading consultants.<\/p>\n<p>Threadmark acted as exclusive global placement agent in Europe, outside of France, alongside<br \/>\nNatixis Global Asset Management who were responsible for distribution in France. <\/p>\n<p><strong>The Mirova Core Infrastructure Fund is the first brownfield PPP[[Partenariat Public-Priv\u00e9]]\n focused fund in<br \/>\nContinental Europe and is substantially seeded.<\/strong><\/p>\n<p>To date it has made investments across 18 assets predominantly in European PPP and<br \/>\ninfrastructure concessions, including transportation, broadband networks and a diverse range of<br \/>\nsocial infrastructure projects. It has a 25 year fund term, matching the long term nature of the<br \/>\ninvestments it will hold. <\/p>\n<p>Gwenola Chambon, Head of General Infrastructure funds\u2019 activities of Mirova and<br \/>\nFund Principal:<br \/>\n<em>\u201cWe are delighted with the strong investor support we have received for our first brownfield<br \/>\ninfrastructure fund. Our focus on core brownfield operational infrastructure, together with a<br \/>\nseed portfolio generating significant cash yield, has proved to be very attractive to investors.<br \/>\nand allow it to continue to play to its strengths with its proven team and strong track record in<br \/>\nits domestic market. Upon completion of the fundraising for this fund, the Mirova General<br \/>\nInfrastructure Platform will manage over \u20ac1 billion of assets. With Mirova\u2019s first two equity funds<br \/>\ndedicated to greenfield infrastructure, the Mirova Core Infrastructure Fund broadens the types<br \/>\nof transaction we can now pursue.\u201d<\/em><\/p>\n<p>Mounir Corm, Deputy Head of General Infrastructure funds\u2019 activities of Mirova<br \/>\nand Fund Principal:<br \/>\n<em>\u201cThe rapid capital deployment along with the team\u2019s know-how, experience and track record in<br \/>\nour domestic market were essential for investors. The team will focus on deploying the<br \/>\nremaining Fund capital available for investment, leveraging its long experience of investing in<br \/>\nPPP alongside industrial partners.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mirova, a wholly owned subsidiary of Natixis Asset Management dedicated to socially<br \/>\nresponsible investments across various asset classes, today announces that it is<br \/>\nnearing the final close for its first brownfield infrastructure fund, the Mirova Core<br \/>\nInfrastructure Fund SCS SICAV-SIF (\u201cthe Fund\u201d or \u201cMCIF\u201d).<\/p>\n","protected":false},"author":20,"featured_media":44874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1655,1651,2007,1662,2139,1680],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/44876"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=44876"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/44876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/44874"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=44876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=44876"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=44876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}