GERMANY – German KAG service provider White Label has been awarded a mandate by a US and an Asian investor to buy data-processing centres.
The two unnamed institutional investors awarded a joint mandate to German White Label Real Asset Products and London-based AC Niellsen to purchase data-processing centres in Europe.
White Label said the two investors recently bought several data-processing centres in the Netherlands and were now "turning their focus on Germany".
Peret Bergmann, managing director at White Label, said data centres did not yet play a major role in infrastructure investments.
"Storage and processing capacities are increasingly outsourced to data-processing centres, and one of the main criteria for our clients is data security," he added.
White Label is in the process of setting up a Master-KVG focusing on closed-end fund structures, which now have to comply with new regulations under the Alternative Investment Fund Managers Directive (AIFMD).
Meanwhile, Schoeller Clean Power has announced the first closing of its first Luxembourg SICAV-SIF fund for solar and wind energy, the Clean Power Income Fund.
The fund, aimed at institutional investors, will invest in power plants producing energy from renewable sources.
Schoeller, formerly a provider of closed-end fund strategies, said it could offer institutional investors fund structures according to the new AIFMD.
The fund is managed by the Luxembourg-based Avana Investment Management and was set up using almost no debt.
Entrepreneur family Schoeller, owner of the Schoeller Holding of which Schoeller Clean Power is a subsidiary, provided seed capital.