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Encavis Asset Management AG

DGAP-News: Encavis Asset Management AG / Key word(s): Funds/Market launch Encavis Asset Management AG 29.09.2021 / 07:05 The issuer is solely responsible for the content of this announcement. / /

Corporate News


Encavis Asset Management and BayernLB launch second Special Fund for renewable energies with BayernInvest
 

• Encavis Infrastructure Fund IV for savings banks and cooperative banks
• Dedicated risk management in accordance with banking regulations and MaRisk

Neubiberg/Munich, September 29, 2021 - The great placement success of the special fund Encavis Infrastructure Fund II (EIF II) confirms Encavis Asset Management (Encavis AM) and BayernLB to offer another investment opportunity in Renewable Energies: The Encavis Infrastructure Fund IV (EIF IV). Like its predecessor, this special fund exclusively targets credit institutions and serves their specific regulatory and risk management needs. The fund only invests in renewable power generation plants, relying on a balanced diversified portfolio and a strictly sustainable investment strategy with corresponding ESG classification according to Article 9 of the EU Sustainable Finance Disclosure Regulation (SFDR).

The funds' objective is to compile a stable long-term investment portfolio through technological diversification (onshore wind and solar) within Europe. Currency risks are excluded, investments are made exclusively in euros. The target fund volume totals 500 million euros. Other key features of the new fund are: Rising annual distribution of around 5% on average over 25 years of fund duration. Risk weight/RWA ratio under CRR II at around 100%, maximum transparency and option to look through to operating companies.

Against the backdrop of ongoing high demand from institutional investors for sustainable investments, particularly in the field of Renewable Energies, Encavis AM and BayernLB also anticipate a rapid placement process for this fund.

The fund volume of the first special fund set up by Encavis AM and BayernLB, the EIF II, had to be doubled from EUR 200 million to EUR 400 million within a very short period of time due to the high demand and was closed with maximum utilisation of the green shoe at EUR 480 million in December 2020. A total of 55 savings banks and cooperative banks from all over Germany ensured an investment volume of over 1 billion euros with their investment and are thus pleased to improve the green footprint (with a positive ecological effect) in their A-deposits.