OMNES, a leading private equity and infrastructure specialist and a committed ESG actor, is raising its second Construction Energy Plus fund dedicated to decarbonizing cities. The fund, classified as Article 9 under the Sustainable Finance Disclosure regulation, finances the development of real assets in line with the objectives of the Paris Climate Agreements.
Construction Energy Plus 2 (CEP2) will continue with the value add strategy of supporting property developers that has made the previous vintage so successful. Raised in 2016, with €120m of assets under management, CEP1 has financed more than 30 projects representing nearly 300,000m² of environmentally exemplary real estate and social infrastructure assets.
The second-generation fund, with a target size of €200m, is expanding its value add strategy to cover Europe and to additional sectors such as mobility and energy efficiency. A second closing, bringing total secured commitments to €140m, was carried out with French and European investors including the European Investment Fund, Auxiliaire, regional banks of Crédit Agricole and the insurer Ethias, whose entry allows Construction Energie Plus 2 to accelerate its access to the Belgian market.
Three transactions have already been completed in a few weeks, representing an investment potential of nearly 30% of the fund. OMNES has already invested in Redman, a B-Corp label leading French developer in the field of urban rehabilitation and requalification, Omniprom 2 alongside Promoval to redevelop obsolete office buildings in the Lyon region, and Eclairion, the first computing center in France dedicated to multitenant high-density computers in container modules.
Today, buildings and mobility are at the heart of the ecological transition in cities. The strategy of OMNES’ Sustainable Cities activity is to provide capital to real estate developers and infrastructure operators to construct and restructure real assets with high environmental performance in leading European cities.
“We are very pleased with the momentum of CEP 2’s fundraising, which confirms the relevance of our investment approach. Our strategy consists of building partnerships based on urban transformation with developers and operators of sustainable cities. We would like to thank our partners, with whom we are working to decarbonize cities, as well as our investors, who have enabled us to increase our investment capacity,” said Serge Savasta, Managing Partner of Omnes.