• A total of more than EUR 500 million raised for Article 9 funds in two
  subscription phases
• Current portfolio is already well diversified with 14 projects
• First distributions expected as early as 2024

Kassel, July 31, 2024: EB-SIM and Union Investment successfully achieve second closing for the UniInstitutional Alternative Energien S.A. SICAV-RAIF – Regenerative Energien 1 (Regenerative Energies 1). In total, the two asset managers have raised more than EUR 500 million for the fund from institutional investors in two subscription phases. The current portfolio is currently well diversified in 14 different projects by technology, region and remuneration type. The first distributions are expected as early as 2024.

“I am delighted with the successful second closing for the fund,” says Michael Hepers, Chief Customer Officer of EB-SIM. “We have once again raised more capital from investors than expected. This underlines their trust in us as an asset manager and shows that investors attach equal importance to economic and ecological returns.”

“We are delighted that we were able to convince new customers of the concept during the second subscription phase and that existing investors have decided to increase their commitment. This shows that we are on the right track. We are determined to use these new funds to drive forward the energy transition and shape a sustainable future for generations to come,” says Kimmo Schäfer, Product Manager at Union Investment.

About UniInstitutional Alternative Energien S.A. SICAV-RAIF – Regenerative Energies 1 (Regenerative Energies 1)

The fund jointly launched by Union Investment and EB-SIM is classified in accordance with Article 9 of the EU Disclosure Regulation (SFDR). It is characterized by its broadly diversified investment structure. The fund supports climate protection and focuses on the established technologies of wind power, photovoltaics and hydropower in stable core European countries – currently Germany, France, Spain, Portugal and the Netherlands. It invests exclusively in projects that are already in operation or fully approved and ready for construction.

The projects are actively managed by a team of experienced portfolio managers from EB-SIM. 82% of the capital subscribed in the first closing has already been drawn down. The fund’s investment speed is significantly faster than originally forecast. The fund management is aiming for an annual target return (net IRR) of 5.5% to
6.5%.