Whatever that is, all that, like. 'Let's find out, boss!' What, Voice?! ... this early on a Monday morning? 'Yeah.' In winter?!?!?! 'Er ...'
Oh, he's not so sure now, is he?
Anyway, I'm a glutton for punishment ...
SWEN Capital Partners, a leading player in responsible private equity investments, is pleased to announce a first close of €150 million for the second vintage of its infrastructure fund dedicated to renewable gas and circular economy initiatives: SWEN Impact Fund for Transition 2 ("SWIFT 2").
Vintage? Is it some sort of wine? 'It's gas.' Well, it must be a horrible wine then. I'm not drinking it! I don't care how many crates of the stuff they send me.
Anyway ...
A direct contribution to decarbonizing the economy and creating jobs in France.
Uh.
'Haven't you got any British PR emails, boss?' No - is the short answer. There is no British business any more. 'Oh.' Unless we're talking charity shops, or those shops where you can buy things for one pound. 'Or coffee shops.' Yeah, there are loads of coffee shops. It's a true success story.
Anyway ...
Extending forward the strategy adopted for its first vintage, SWIFT 2 aims to accelerate investment in the field of renewable gas. The fund invests directly in methanization and renewable hydrogen, as well as in green infrastructure such as renewable heat networks and energy storage.
Ha! I can't imagine what it tastes like.
Like its predecessor, SWIFT 1, SWIFT 2 will dedicate more than half of its investments to biomethane, a business experiencing strong growth in Europe. Meanwhile, investments in green hydrogen should make up a significantly larger share of this second vintage.
Green? Absinthe?
Let's see if Olivier can make some sense ...
Olivier Aubert, Managing Director and SWIFT fund manager at SWEN Capital Partners states: "The development of renewable gas (biomethane and green hydrogen) is critical to meeting the climate challenge, particularly in sectors where electrification is difficult like agriculture and freight, and makes a necessary contribution to meeting the European Union's ambitious target of reducing GHG emissions 55% by 2030."
Oh, all right. I suppose I was expecting too much from him on a cold Monday morning in winter. Never mind.
The 2nd vintage now carries the Greenfin label.
Whatever.
SWIFT 2 aims for a final close at €300 million, with the aim to build a portfolio of about 20 assets, primarily in Europe, with a ticket size ranging from €5 million to €50 million.
Fine.
To further develop and implement the SWIFT strategy, the investment team has -
No, no. We don't want all this. 'All what?' All that, Voice, in the email. ‘Of course not. We want Jerome, boss!' Yeah, yeah. Do we? Do we, really? 'I do.' Okay. Just for you then ...
Come on, Jerome!
"Following the success of SWIFT 1, the first impact fund dedicated to renewable gas infrastructure in Europe, we wanted to offer another fund that combines financial performance and real environmental impact, addressing the risks in a sector that is gaining in maturity. We would like to thank the investors of SWIFT 1 for their continued trust, as well as all the new French and European investors who have been persuaded by our focused approach, combining investment in unlisted companies with an ever-stronger commitment to sustainable finance," adds Jérôme DELMAS, Managing Director at SWEN Capital Partners.
Thanks, man.
Kicking off with a first investment to grow CVE's biogas business.
Whatever.
At the beginning of January 2022, SWIFT 2 finalized its first transaction, becoming the -
Okay! That's enough!
ENDS
ENDS
ENDS
ENDS
ENDS
ENDS
ENDS
ENDS
ENDS
ENDS
ENDS -
'That's enough ENDS, Mikey!'
Ha, ha, ha!
You can't have enough ENDS. Not with finance.
'Laters!'
