Luxcara, a leading asset manager in renewable energy investments, has launched its third renewable energy fund. The fund invests in both solar and onshore wind farms in Europe. The Solar and Wind sub-fund of the FLAVEO Infrastructure Europe SCS SICAV-FIS partnership is focusing exclusively on institutional investors.
German pension funds and insurance companies have already been secured as seed investors for the first closing in mid-September, immediately after the fund’s launch. The first wind portfolios have already been acquired at the beginning of October. The pipeline with exclusively secured renewable assets will be implemented by the end of 2015.
“Access to a quality pipeline is key in order to invest the investor’s capital as timely as possible,” says Kathrin Oechtering, managing partner at Luxcara. “Due to our long-standing relationships and extensive track record in the industry, we have secured a continuous access to such high-quality assets.”
As with the predecessor fund, FLAVEO Infrastructure Europe SCS SICAV-FIS - Solar and Wind will also be structured with subordinated partial bonds. In addition, investors will be offered securitisation options as well as direct investments.
Already in 2009 Luxcara has initiated the first Luxembourg based fund specialising on investments in renewable energy for institutional investors. The fund achieved an investment volume of EUR 80 million. The second renewable energy fund which followed in 2011, FLAVEO S.A., SICAV-FIS, currently manages an investment volume of approximately EUR 700 million. In 2012, Preqin rated Luxcara as one of the three most active infrastructure fund manager.
Luxcara currently manages EUR 2 billion in renewable assets and is considered one of the leading independent asset managers in this field.
Luxcara is an independent asset manager specialising exclusively in renewable energy investments for institutional investors. The owner-managed company was founded in 2009 by the sole managing partners, Dr. Alexandra von Bernstorff and Kathrin Oechtering. Luxcara acquires, structures, finances and operates renewable energy portfolios for the long term.
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