Press Release: Europe’s leading public financial institutions launch ‘Marguerite’, the 2020 European Fund for Energy, Climate Change and Infrastructure

Europe’s leading public financial institutions have launched a pan-European infrastructure fund with an initial capital of €600 million and invited other investors to join them in a First Closing by 3 March 2010. The Fund volume is targeted at €1.5 billion for final closing in 2011.

The Marguerite Fund is a pan-European equity fund which aims to act as a catalyst for infrastructure investments implementing key EU policies in the areas of climate change, energy security, and trans-European networks. The Fund should serve as a model for the establishment of other similar funds in the EU wishing to combine a market-based principle of return to investors with the pursuit of public policy objectives.