Ambroise Fayolle, Vice-President of the European Investment Bank (EIB), and Sébastien Bourget, Managing Partner of Quaero Capital, announced in Strasbourg the EIB’s EUR 40m equity participation in Quaero European Infrastructure Fund. This investment is covered by the guarantee of the EU budget under the Investment Plan for Europe, more commonly known as the Juncker Plan.
The participation of the EIB – a European benchmark financier – will be vital to enable Quaero European Infrastructure Fund to reach a scale of EUR 250m, thereby helping to attract other investors. Quaero European Infrastructure Fund provides equity financing for projects in the fields of social infrastructure, transport, telecoms, energy and public or private amenities. The Fund invests in Europe, where its core target is the infrastructure project financing market, translating into small to medium-scale operations.