Acofi Gestion’s real estate impact debt fund closes first loan
Acofi Gestion's RED VI Impact fund has closed its first loan transaction for the the financing of an office property in the Netherlands for LCN. The collateral is a positive energy asset.
Established earlier this year and targeting EUR600 million, the fund has already pieced together a handful of institutions.
The loans to be originated by the fund, will include environmental impact features based on a set of specific actions to be carried out by the borrowers in four key areas, aligned with the UN’s Sustainable Development Goals (SDGs) and relevant to the property industry: water management, greenhouse gas emissions, waste management and energy consumption.
RED VI Impact is Acofi’s sixth vintage in the European real estate senior debt industry. With a strong emphasis on real estate impact lending, Acofi Gestion has commissioned EthiFinance to validate and audit the strategy and its implementation.
Joes Daemen, CEO and founder of Somerset Capital Partners, says: “We are pleased to have added a new trusted financing partner to our network and are eager to expand our relationship with Acofi towards a prosperous future cooperation.”
Benjamin Debré, deputy head of CRE lending at Acofi Gestion, says: “We are glad to have partnered with the sponsor, outside our home market and under very short time constraints. This loan marks the final deployment of our fifth vintage and paves the way to write a new chapter in Acofi’s senior lending history with impact lending.”