Sustainable Finance

abrdn Announces Over €325 Million for Green Energy

Published on: 11 February 2022 11:42 AM
by KnowESG

A Brief Summary

The Aberdeen Standard Core Infrastructure Fund III received its initial commitments of €326 million, which focuses on the important macro infrastructure topics of the energy transition, transportation decarbonisation, and digitalisation. The fund's full closing is scheduled in Q4 2022, with abrdn aiming for a €1 billion objective. Under the EU SFDR legislation, the fund is classified under Article 8.

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The fund has received backing from current investors from abrdn's first two core infrastructure funds, as well as several new investors from the UK, Europe, Japan, and North America, including corporate and local authority pension plans, fund of funds, and charitable foundations.

Neil Slater, Global Head of Real Assets at abrdn, said: “I’m thrilled to see that the third core infrastructure fund has received such great support from existing clients, which is testament to the commitment and hard work of the team. Being categorised as an Article 8 Fund under SFDR regulations reflects the importance of ESG considerations in the investment opportunities we seek.”

Dominic Helmsley, Head of Core Infrastructure, said: “We are delighted to announce the successful first close of Fund III, which enables us to continue to address the strong pipeline of attractive mid-market investment opportunities we have developed. Such demand demonstrates continued investor support for the abrdn Core Infrastructure team’s investment strategy and recognises the successful performance of Funds I and II.”