European infrastructure investment firm Marguerite has reached the final close of its third infrastructure fund, securing total commitments of over €700m.
Marguerite 3 continues the firm’s strategy of investing in transformational infrastructure that aligns with investor priorities, including energy transition and digital transformation.
All its investments are fully aligned with the Paris Agreement, and Marguerite strives to go further by engaging all portfolio companies to define improvement pathways on all material ESG topics.
Marguerite III has secured strong support from previous investors, including re-ups from all limited partners (LPs) in Marguerite 2 with the European Investment Fund replacing the European Investment Bank.
“We are pleased with the outcome of the Marguerite III fundraising despite a challenging environment, which reflects both the strength of our existing relationships and the trust of new investors,” said Nicolas Merigo, CEO and managing partner at Marguerite.
“The fund attracted substantial commitments from new LPs from Europe and beyond, showcasing our growing global appeal and investor confidence in our strategy, team, track record and expertise,” added Merigo.
The fund has already deployed in excess of 50% of its capital into seven investments, these include Nexun – a pan-European solar photovoltaic development platform and SotySolar, an Iberian renewable energy services company.
“Our focus is on building and expanding infrastructure that contributes to climate change mitigation and adaptation, circular economy, energy security and digital and transportation services improvement.
“The relevance and importance of these themes have dramatically increased in recent years, and we recognise our responsibility to generate benefits for our investors and other stakeholders within the European infrastructure ecosystem,” added Merigo.
Established in 2010, Marguerite has invested (or committed) more than €2bn into 45 infrastructure investments across 16 countries.