21 January 2021
InfraVia Capital Partners signs a SDG-linked equity bridge facility for its Fund IV
InfraVia Capital Partners (“InfraVia”), the independent private equity firm specialized in infrastructure and technology investments, announces the signing of a major amendment to its existing master equity bridge facility agreement related to its Fund IV. The effect of this amendment is to transform this bridge facility into a sustainability-linked bridge facility built upon InfraVia’s commitment to align its investments with the UN Sustainable Development Goals (“SDGs”).
“This is an important milestone for InfraVia, it shows our commitment to deeper embed the SDGs into our investment strategy and processes” comments Vincent Levita, InfraVia’s Founder and CEO.
The SDG-linked bridge facility is backed by a syndicate of leading global financial institutions, including Credit Agricole CIB acting as ESG Agent, ABN Amro, CACEIS, HSBC Continental Europe and Royal Bank of Canada. In line with the SustainabilityLinked Loan Principles, the facility features an interest rate pricing incentive that is directly linked to the ESG performance of the Fund IV’s assets and the following goals:
- SDG 5: the promotion of gender equality.
- SDG 8: the contribution to economic growth, job creation, social inclusion, and decent employment.
- SDG 9: the development of reliable, sustainable and resilient infrastructure.
- SDG 13: the fight against climate change.
- SDG 16: the definition of responsible and accountable governing bodies.
Adding a sustainable finance angle into InfraVia’s fund financing structure is a token of the firm’s commitment to an even more integrated sustainability approach. “We are convinced that investing in a responsible and sustainable manner is a way to increase the lifetime of the assets and their risk resilience. This conviction is already deeply shared with our LPs, it was time to share it with our financial partners” adds Ludovic Both, Asset Management Director at InfraVia. “InfraVia brings further innovation to the sustainable finance market, as one of the very first infrastructure investment firm active in the space and by choosing to amend an existing facility to align its financial terms with its sustainable ambitions” explains Hugues Delafon, Sustainable Banking, Credit Agricole CIB.
InfraVia Capital Partners was advised by Paul Hastings and Simmons & Simmons, while the syndicate of banks was advised by McDermott Will & Emery
Vincent LEVITA Founder and CEO
+33 (0)1 40 68 17 38
Asset Management Director
+33 (0)6 08 72 09 26
+33 (0)6 33 05 48 50