Amber Infrastructure Group (‘Amber’) announces its appointment as the exclusive investment adviser to the Three Seas Initiative Investment Fund S.A. SICAV-RAIF (‘3SIIF’), a dedicated commercial fund targeting infrastructure investment in Central and Eastern Europe (‘CEE’).
3SIIF has successfully raised €520 million in an initial close from cornerstone investors including Bank Gospodarstwa Krajowego (‘BGK’) and EximBank, Poland and Romania’s respective national development finance institutions.
3SIIF will target an established pipeline of investments into energy, transport and digital infrastructure in the 12 EU CEE member states which border the Baltic, Adriatic and Black seas i where the demand for long-term commercial investment into national infrastructure is among the highest in the European Union (‘EU’).
Together, the region constitutes around 25 per cent of the EU’s total population and generates over €225 billion in domestic trade revenue, supporting an average 3.3 per cent growth in annual GDP since 2015.
Amber is targeting further 3SIIF closes later in the year including raising capital commitments from private institutional investors, the region’s development banks and international multilateral financial institutions.
Gavin Tait, Chief Executive Officer, Amber Infrastructure Group, said: “Amber is delighted to have been selected as investment adviser to 3SIIF. Central and Eastern Europe is one of the fastest growing markets for infrastructure investment globally. There is a structural demand for targeted investment in the region’s transport, energy and digital infrastructure to in turn build a compelling investment case for institutional investors seeking long-dated, secure and diversified returns in one of Europe’s most promising geographies.
We look forward to supporting the fund’s objectives of enhancing security of supply, contributing to enhanced infrastructure, economic and social cooperation and interconnectivity of the EU Member States and supporting and strengthening EU integration by decreasing infrastructural gaps”
Amber Infrastructure Group
Amber Infrastructure (‘Amber’) is a specialist international investment manager, focused on investment origination, asset management and fund management. With over £8 billion of assets managed, Amber invests in eight countries internationally across six funds and a number of managed accounts. Amber’s core business focuses on sourcing, developing, advising, investing in and managing infrastructure assets across the public, transport, energy, digital and demographic infrastructure sectors that support the lives of people, homes and businesses internationally.Amber is headquartered in London with offices in Europe, North America and Australia and employs approximately 125 infrastructure professionals.
Important Notice
This announcement does not constitute or form part of, and should not be construed as, an offer, invitation or inducement or recommendation to make an investment nor shall it or any part of it form the basis of, or be relied upon in connection with, any contract or commitment whatsoever.