Marguerite III closes at over €700 million

December 2024

London, 24 December 2024 - FIRSTavenue, a leading global private funds placement agent and investment advisory firm specialising in real assets, private credit, private equity and associated capital solutions, is pleased to announce the successful final close of Marguerite III at over €700 million.

This milestone was achieved with strong support from both existing and new investors; and reinforces Marguerite’s reputation as a partner of choice for high-impact, sustainable infrastructure investing across Europe.

Marguerite III has already deployed in excess of 50% of its capital into seven investments. These include:

Wattif – a Nordic EV charging point operator;
Swan – an independent telecommunications operator in Slovakia;
CleverSE – an Italian energy efficiency specialist;
Nexun – a pan-European solar PV development platform;
Rebi – a district heating network in Spain;
SotySolar – an Iberian renewable energy services company; and
OnTrain – a new locomotive ROSCO in Poland.

Paul Buckley, Managing Partner, and Founder at FIRSTavenue, said: "The successful close of Marguerite III underscores the exceptional demand for sustainable infrastructure investments that align with Europe’s ambitious climate and policy goals. Marguerite’s proven track record and commitment to ESG principles make it a trusted partner for transformational projects driving the energy transition, digitalisation, and sustainable growth across the continent. We are proud to have supported Marguerite with their raise."

FIRSTavenue served as exclusive placement firm in all territories except Germany and Austria. Selinus served as exclusive placement firm in Germany and Austria.

About FIRSTavenue

FIRSTavenue is a leading independent global placement agent and advisory firm specialising in private credit, real assets, private equity and associated capital solutions. Since the firm’s inception in 2006, it has raised more than $100 billion of capital commitments on behalf of its clients. The firm maintains a global presence and a team of over 45 professionals across its headquarters in London and offices in New York, Hong Kong and Hamburg. FAP USA, L.P. is a member FINRA/SIPC.

For more information on FIRSTavenue, please visit www.firstavenue.com

About Marguerite

Marguerite is a pan-European investor in long-life greenfield and brownfield expansion infrastructure.

Our funds seek out capital-intensive, sustainable investment opportunities with a particular focus on four sectors: (1) Energy & renewables, (2) Digital transformation, (3) Waste & Water and (4) Transport.

Marguerite manages four European infrastructure funds, with our most recent being Marguerite III, and we’ve deployed in excess of €2.0 billion into projects designed to address the changing infrastructure landscape in Europe by integrating ESG principles and creating positive change for society.

Marguerite III benefits from support from the European Union under the InvestEU Fund.

From our origins in 2010 as an independent infrastructure investment manager backed by the European Investment Bank and the main European national promotional banks, we have evolved into a fund manager dedicated to generating value for investors while integrating robust ESG screening as part of our eligibility criteria and continuously measuring the positive impact of our investments. We are signatories of the Net Zero Asset Managers (NZAM) initiative and commit to aligning our portfolio with net zero emissions pathways by 2050 or sooner.

Our team is based in Luxembourg, Paris and Milan.

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