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Corporate News


Encavis Asset Management and BayernLB launch second Special Fund for renewable energies with BayernInvest
 

• Encavis Infrastructure Fund IV for savings banks and cooperative banks
• Dedicated risk management in accordance with banking regulations and MaRisk

Neubiberg/Munich, September 29, 2021 - The great placement success of the special fund Encavis Infrastructure Fund II (EIF II) confirms Encavis Asset Management (Encavis AM) and BayernLB to offer another investment opportunity in Renewable Energies: The Encavis Infrastructure Fund IV (EIF IV). Like its predecessor, this special fund exclusively targets credit institutions and serves their specific regulatory and risk management needs. The fund only invests in renewable power generation plants, relying on a balanced diversified portfolio and a strictly sustainable investment strategy with corresponding ESG classification according to Article 9 of the EU Sustainable Finance Disclosure Regulation (SFDR).

The funds' objective is to compile a stable long-term investment portfolio through technological diversification (onshore wind and solar) within Europe. Currency risks are excluded, investments are made exclusively in euros. The target fund volume totals 500 million euros. Other key features of the new fund are: Rising annual distribution of around 5% on average over 25 years of fund duration. Risk weight/RWA ratio under CRR II at around 100%, maximum transparency and option to look through to operating companies.

Against the backdrop of ongoing high demand from institutional investors for sustainable investments, particularly in the field of Renewable Energies, Encavis AM and BayernLB also anticipate a rapid placement process for this fund.

The fund volume of the first special fund set up by Encavis AM and BayernLB, the EIF II, had to be doubled from EUR 200 million to EUR 400 million within a very short period of time due to the high demand and was closed with maximum utilisation of the green shoe at EUR 480 million in December 2020. A total of 55 savings banks and cooperative banks from all over Germany ensured an investment volume of over 1 billion euros with their investment and are thus pleased to improve the green footprint (with a positive ecological effect) in their A-deposits.

As for the EIF II, Encavis AM is again - as advisor - responsible for the selection, auditing and management of the solar and wind farms for the new EIF IV. BayernInvest Luxembourg S.A., as AIFM, is responsible for the fund management and considers, among other things, the increasingly important sustainability reporting requirements. BayernLB is responsible for fund distribution and investor support throughout the life of the fund. BayernLB also provides support in resolving regulatory issues, acts as a link to the associations and provides effective interfaces to all service providers.

About Encavis Asset Management AG

Encavis Asset Management AG offers institutional investors tailor-made portfolios and fund solutions for investments in the growth market of Renewable Energies. The Company has been successfully investing in this sector since 2006, covering the entire value chain from asset sourcing to the operational management of investments.
Encavis Asset Management AG is a wholly owned subsidiary of SDAX-listed Encavis AG (ISIN: DE0006095003, Prime Standard, Ticker symbol: ECV) and, as part of the Encavis Group, benefits from their many years of experience and a broad industry network.
Encavis AG is one of the leading independent power producers (IPPs) in the field of Renewable Energies in Europe. The Company acquires and operates solar power plants and (onshore) wind farms in Germany and nine other European countries. The Encavis Group's total generation capacity currently accounts to more than 2.9 gigawatts (GW).
Encavis AG is a signatory of both UN Global Compact and UN PRI network and the environmental, social and governance performance has been rated by ISS ESG and MSCI ESG, two of the world's leading ESG research and rating agencies and received the ISS ESG Prime-Label (B) und MSCI Rating AA.

Please visit our website for additional information.
 

About BayernLB

As a focused specialist bank, BayernLB is an important investment financier for the Bavarian and German economy. It is committed to progress. Its customers - corporates, savings banks, institutional investors and the public sector - are at the heart of its sustainable activities.

In its corporate customer business, BayernLB focuses on sectors of the future, such as mobility, energy, technology, construction and basic materials, mechanical and plant engineering. The bank supports companies from these sectors in particular in successfully developing their business models. As a real estate financier, the Group offers 360-degree expertise across the entire value chain in the real estate business - and in numerous asset classes. BayernLB is the central bank of the savings banks in Bavaria and has been a proven partner to savings banks in Bavaria and throughout Germany for decades. As a TechBank, the Group subsidiary DKB offers its more than 4.5 million customers an outstanding customer experience and excellent digital solutions. BayernLB is owned by the Free State of Bavaria and the Association of Bavarian Savings Banks.

About BayernInvest Luxembourg S.A.

Since 1991 we have been successfully active in the mutual and special funds business in the financial center of Luxembourg. With a volume of 100 billion euros under management in special and public funds as well as institutional asset management mandates (as of 28.02.2021), the BayernInvest Group is one of the ten largest German capital management companies. We see ourselves as a service provider offering specialised and customised investment products (UCITS and AIF) in Germany and abroad. Customer orientation and customer satisfaction are our highest standards. Service and quality orientation are a matter of course for us.

Contact for press inquiries

Encavis AG 
Tanja Van den Wouwer 
Head of Sustainability & Communications 
Phone +49 (0)89 44230 6025 
 

BayernLB 
Andreas Zimniok 
Head of Communications 
Phone +49 (0)89 2171 21306 
 

BayernInvest
Wiebke Merbeth
Head of Public Affairs & Sustainability
Phone +49 (0)89 54 850 342



Contact for fund distribution

BayernLB
Ruth Kerschagl
Director
Head of Sales Sparkassen & Proprietary Business
Phone +49 (0)89 2171 23281