Launch of a new fund dedicated to mezzanine debt investment in renewable energy
RIVE Private Investment successfully closed the fundraising of the Fonds Commun de Titrisation Quartz (FCT Quartz), a new investment vehicle dedicated to the mezzanine financing of renewable energy infrastructures in Europe.
For its first closing, FCT Quartz has registered a €55 Million commitment from French and Belgian institutional investors. Yield oriented, FCT Quartz offers a decorrelated cash generative investment solution over the long-term, particularly sought after by investors in the context of low interest rates environment.
FCT Quartz core strategy is based on building a diversified portfolio of debt mezzanine investments in Europe (mainly France, Germany and Spain) in brownfield power plants with reliable historical production data as well as greenfield projects offering strong downside protections. This strategy allows FCT Quartz to offer an attractive risk/yield return, sustained notably by the strong visibility and predictability over cash flows provided by those assets (long-term sale electricity contract with both secured price and quantity). The debt mezzanine structuration (with seniority over equity) as well as RIVE Private Investment proven methodology (with respect to both qualitative and quantitative aspects) enhance the defensive nature of the investment.
Yann Thomas, Managing Partner at RIVE Private Investment declares: « There is a favourable timing to invest in European renewable energy mezzanine debt. Sustained by the growing demand, there is now more investment in renewable energy than in fossil energy. In this context, FCT Quartz intends to offer a flexible and non-dilutive solution to developers to support their growth. FCT Quartz thus completements our equity investment programs and extends our means of intervention with European renewable energy players.”
Pioneer in the field of renewable energy investment, RIVE Private Investment has experienced teams in the four main renewable energy resources (wind, solar power, biogas & biomass, hydro) in all investment phases. During the past years, those teams have financed more than 140 plants, representing over 800 MW and over €1.2 Billion of capital and debt investment.
About RIVE Private Investment
RIVE Private Investment is an independent private equity company founded in 2013, with offices in Paris, Geneva, Luxembourg and Hamburg.
RIVE Private Investment offers investment services in private equity with a focus on three defensive sectors, namely tangible assets, infrastructure and private debt.
Pioneer in the field of renewable energy investment, RIVE Private Investment has experienced teams in the four main renewable energy resources (wind, solar power, biogas & biomass, hydro) in all investment phases. During the past years, those teams have financed more than 140 plants, representing over 800 MW and over €1.2 Billion of capital and debt investment.
RIVE Private Investment forms part of Elyseum Investment Group, an independent investment group combining a portfolio of €2.5 Billion in private equity, real estate and financial markets.