Dutch insurer NN Group is committing €300m to a European sustainable infrastructure debt fund managed by Rivage Investment.
NN and Rivage have launched the Rivage Private Debt Fund for Infrastructure Climate Solutions, a fund that seeks to finance infrastructure assets that provide solutions to challenges posed by climate change.
Rivage is investing an undisclosed sum alongside NN.
The fund – categorised as an Article 9 product under the EU Sustainable Finance Disclosure Regulation – will focus on projects in wind, solar and hydro power, public transport, electric-vehicle charging, batteries and energy-management solutions.
Jelle van der Giessen, CIO of NN Group, said: “Contributing to sustainable energy solutions is a core objective of NN Group. The new commitment in the Infrastructure Climate Solutions fund will enable us to further support the energy transition and the move to net zero in Europe. The commitment is part of NN’s target to invest an additional €6bn in climate solutions by 2030.”
Hervé Besnard, CEO and founder of Rivage Investment, said: “We are proud to support NN Group with our dedicated long-term sustainable investment expertise which focuses on delivering both attractive performance and ESG impact. This fund marks a new and important milestone in our development.”
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