Crédit Agricole Assurances, Crédit Agricole CIB and Crédit Agricole Transitions & Energies, alongside Crédit Agricole’s Caisses régionales, strengthen their commitment to financing the transition towards a low-carbon economy with the launch of the “Crédit Agricole Transition Infrastructure Debt Fund” (“CATI”). Managed by RGREEN INVEST, a pioneer in energy transition financing, this Article 9 fund aims to support French and European companies deploying infrastructure projects that contribute to a less carbon-intensive economy.
With a 300-million-euro investment capacity, this new CATI fund, subscribed by Predica, Crédit Agricole Assurances’ life insurance arm, will support local authorities and companies developing energy transition infrastructures. RGREEN INVEST will select projects already originated by Crédit Agricole CIB and Caisses régionales, and will directly originate and structure additional financing.
With the management of this new fund, RGREEN INVEST confirms its role as a key player in financing the energy transition. With 15 years of experience in this industry, over 2.5 billion euros in assets under management and 3,000 projects supported mainly across Europe, RGREEN INVEST brings its expertise and its 50+ expert team together to develop this new fund.
Classified as Article 9 under SFDR regulations, meeting the highest standards of sustainability requirements and transparency, RGREEN INVEST will focus on financing energy transition infrastructure projects, eligible under the European Taxonomy. It will also be able to diversify its investments into other types of low-carbon infrastructure that benefit local communities and territories. The fund will support real-economy projects in the following fields:
|
|
Nicolas Rochon, Founder & CEO of RGREEN INVEST said: “We are delighted to form this partnership, which represents a major milestone in our mission to support energy transition companies. Crédit Agricole Group’s strong presence among European SMEs and ETIs is a key advantage in achieving the investment depth we’re looking for. This new vehicle is an ideal addition to our existing range of financing solutions, adding a long-term senior debt solution to our European short-term funds and our long-term senior debt fund dedicated to Africa. We have a clear ambition: to offer every entrepreneur in the industry a financing solution tailored to their needs, regardless of their project’s maturity.”
Nicolas Denis, CEO of Crédit Agricole Assurances, added: “With the launch of this new fund, and as part of Crédit Agricole Group’s societal project, Crédit Agricole Assurances reinforces its commitment to supporting the low-carbon transition. Given the increasingly challenging environmental context, calling for strong commitments from all economic actors, we are convinced of this new financial platform’s usefulness. This project further illustrates the synergies emerging from the Crédit Agricole Group to serve our clients and local communities.”
About Crédit Agricole Assurances
Crédit Agricole Assurances, France’s largest insurer, is the company of the Crédit Agricole group, which brings together all the insurance businesses of Crédit Agricole S.A. Crédit Agricole Assurances offers a range of products and services in savings, retirement, health, personal protection and property insurance products and services. They are distributed by Crédit Agricole’s banks in France and in 9 countries worldwide, and are aimed at individual, professional, agricultural and business customers. Crédit Agricole Assurances has 5,800 employees. Its premium income (non-GAAP) to the end of 2023 amounted 37.2 billion euros.
www.ca-assurances.com
About RGREEN INVEST
RGREEN INVEST is a French, independent, B Corp-certified asset management and mission-driven company, with over ten years’ experience in investing in and financing infrastructure projects that promote energy transition and climate change mitigation and adaptation. With 50+ experienced professionals whose expertise spans fund management, investment banking and renewable energy, RGREEN INVEST has one of the most comprehensive teams of specialists in Europe. The company pays careful attention to sustainability and incorporates robust ESG principles in its investment criteria.