Edmond de Rothschild and environmental infrastructure specialist PEARL have announced the third close of the PEARL Infrastructure Capital II SCA fund, RAIF. On February 28, the fund closed with €306 million (CHF 293.4 million), in line with its €400 million target.
PEARL II is an investment fund specializing in equity financing of the majority of environmental infrastructure projects in Europe.
Its projects include renewable energy generation, waste management and the circular economy. They are mainly aimed at industry groups and local governments facing the challenges of the environmental and energy transition.