€520m Initial Commitments into 3SIIF and appointment of Amber Infrastructure as Exclusive Adviser
Three Seas Initiative Investment Fund S.A. SICAV-RAIF (‘3SIIF’, ‘the Fund’) the dedicated commercial fund targeting infrastructure investment in Central and Eastern Europe (‘CEE’), announces that it 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. It is also pleased to advise that Amber Infrastructure Group (‘Amber’) has been appointed the exclusive investment adviser to the Fund.
3SIIF will target an established pipeline of investments into energy, transport and digital infrastructure in the 11 EU CEE member states which border the Baltic, Adriatic and Black Seas 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% growth in annual GDP since 2015. (SpotData report, 2019).
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”
More information about 3SIIF can be found on this website. Further information about Amber Infrastructure can be found here: www.amberinfrastructure.com
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.
