Union Investment Completes Closing for Renewable Energy Infrastructure Fund

HAMBURG, GERMANY-Union Investment has successfully completed the second closing for its UniInstitutional Infrastruktur SICAV-SIF Erneuerbare Energien infrastructure fund.

Since the fund was launched in September 2012, around $135 million (EUR 100M) of capital has been raised for the Luxembourg product. Taking into account the usual debt finance element, approximately EUR 350 million is thus available for investment. “Compared to the first subscription phase, we were able to further boost the level of interest among our institutional investors in our first infrastructure fund,” said Christoph Schumacher, a member of the management board at Hamburg-based Union Investment Institutional Property GmbH, which acts as asset manager for the fund.