Allen & Overy on the launch of the BNP Paribas Climate Impact Infrastructure Debt fund

Allen & Overy has advised BNP Paribas Asset Management (‘BNPP AM’) in the structuring and launching of BNP Paribas Climate Impact Infrastructure Debt, a Luxembourg infrastructure debt fund offering a comprehensive financing solution to projects and players involved in the energy transition and climate change mitigation.

Leveraging on the synergies enabled by its diversified model, BNP Paribas launches this new fund that results from a close collaboration between BNP Paribas Asset Management, BNP Paribas Corporate & Institutional Banking, and BNP Paribas Cardif.

Targeting EUR 500-750 million from institutional investors, it aims to support energy transition projects across continental Europe and has already secured three investments, by focusing on renewable energy, clean mobility and the circular economy, including new sectors such as batteries, hydrogen and carbon capture.

Members of the Allen & Overy's France-Luxembourg Platform have advised BNPP AM, with a multi-jurisdictional team including Antoine Sarailler (Partner, Paris), Joanna Pecenik (Counsel, Luxembourg/Paris), Benjamin Lacourt (Counsel, Paris) and Romane Chéry (Associate, Paris) on the structuring of the fund and SFDR and Taxonomy aspects, as well as Mathieu Vignon (Partner, Paris), Guilhem Becvort (Counsel, Luxembourg) and Justine Gazuit (Associate, Paris) on tax aspects.

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