CNP Assurances and Meridiam close energy transition fund

Paris based infrastructure asset manager Meridiam and French insurer CNP Assurances have announced the closing of the Meridiam Transition fund.

This fund will finance and support infrastructure projects dedicated to environmental and energy transitions.

Some €425m have been raised in six months from French institutional investors among which are Allianz France, Aviva France, BNP Paribas Cardif, Crédit Industriel et Commercial, the French Reserve Fund, Pro BTP and Société Générale Insurance.

The Meridiam Transition fund will invest primarily in new infrastructure projects (greenfield) within the energy efficiency sector, including local energy services (including heating networks or the energy recovery waste), electricity and gas networks, as well as renewable energy.

It will invest as a long-term shareholder in mid-sized projects with a stance of 20 years, in France and throughout the European Union.

“CNP Assurances, which was at the initiative of launching this green infrastructure fund, is confident that it is both its responsibility and its long-term investor interest to help develop new financing models to meet the challenges raised by the energy transition and climate change” said Frederic Lavenir, CEO of CNP Assurances.

“After the Meridiam Infrastructure Africa fund, the Meridiam Transition fund is the second impact investment fund launched by Meridiam to meet the challenges raised by the energy transition and climate change” added Thierry Déau, founder and CEO of Meridiam.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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