Luxcara, one of Europe's leading independent asset managers for renewable energy investments, is announcing the fifth closing for its third renewable energy fund. This increases the volume of ‘Solar and Wind’ to EUR 170 million, which was launched in September 2015 and is a sub-fund of the partnership FLAVEO Infrastructure Europe SCS SICAV-FIS.
The fund invests in solar farms and onshore wind farms in Europe and is open exclusively to institutional investors, who are offered subordinate bonds as well as securitisation options and direct investments on subscription to the fund. The fund portfolio currently holds investments in Germany, the United Kingdom and Norway with a total output of almost 190 megawatts. The investment volume is just above EUR 500 million.
"We are delighted that the majority of investors from our previous fund have also invested in our third renewable energy infrastructure fund and that we have succeeded in attracting further major investors," commented Kathrin Oechtering, Managing Partner of Luxcara. "So far, we have already invested 80% of the capital since the fund was launched in September 2015. Thanks to our excellent market access and many years of experience in deal execution, we can quickly carry out investments in high-quality renewable assets."
In 2009, Luxcara successfully launched the very first Luxembourg special fund in renewable energy for institutional investors ever long before other asset managers followed their idea. Two years later, Luxcara initiated FLAVEO S.A., SICAV-FIS a renewable energy fund with an investment volume of EUR 700 million. Today, Luxcara is one of the leading independent asset managers in the field of renewable energy with a portfolio of over 500 megawatts.
Luxcara is an independent asset manager specialising exclusively in renewable energy investments for institutional investors. The owner-managed company was founded in May 2009 by the sole managing partners, Dr. Alexandra von Bernstorff and Kathrin Oechtering. Luxcara acquires, structures, finances and operates renewable energy portfolios in the long term, and manages an investment volume of approximately EUR 2 billion.
Luxcara’s portfolio of solar farms and onshore wind farms is located in Germany, France, Italy, the United Kingdom and Norway with a total output of over 500 megawatt. This makes Luxcara one of the most experienced asset managers in the field of renewable energy with an extensive track record.
GFD - Gesellschaft für Finanzkommunikation mbH
Telephone: +49 69 97 12 47 34