Published: April 30, 2018
Marguerite II funded and ready to generate billions for strategic projects
As the successor to the Marguerite Fund, which is now fully invested, the new fund will predominantly target greenfield infrastructure investments across Europe.
In November 2017, a group of institutional investors launched Marguerite II, a pan-European equity fund and the successor to Marguerite. Otherwise known as the 2020 European Fund for Energy, Climate Change and Infrastructure, Marguerite has been running since 2010 and has backed numerous European infrastructure projects. Having met its initial targets, it is ready to enter the next phase of its development.
Like its predecessor, Marguerite II will have the capacity to invest over €700mn in its chosen projects. Investors in the fund to date include the European Investment Bank committing €200mn along with five national promotional banks each who are providing €100mn in investment. The final funds available to the find won’t be known until later this year, when the window for investment closes, although the fund has a hard cap of €800mn.