Acofi Gestion became Sienna Private Credit, subsidiary of Sienna Investment Managers, a pan-European player in real assets management.

For further information, please read the press release

15 september 2022

Sienna Private Credit announces a €25 million mezzanine financing for Sunvest

Sienna Private Credit (formerly Acofi Gestion) is pleased to announce the procurement of a €25-million mezzanine loan to Sunvest, a fast-growing Dutch project developer that builds and operates solar parks. The long-term subordinated debt will provide sufficient resources for Sunvest to build and own a 420 MW portfolio across 16 PV projects in the Netherlands. In the long term, the electricity generated by this portfolio will supply around 137,000 homes while making it possible to save 121,500 tons of CO2 per year.

Credit for this financing goes to Sienna Private Credit Energy Transition team’s expertise in renewables and junior debt, an instrument that is particularly well suited for European developers, to contribute globally to carbon neutrality. Also, Green Giraffe acting as financial advisor of Sunvest played a key role in the success of the transaction.

This transaction is a real achievement for the team who continues to actively support European developers across Europe and deliver impact investing with the Predirec Enr2 fund, which is dedicated to the financing of energy transition projects.

Rene Hanssen, managing director of Sunvest, shares that “Sunvest is excited to partner with Sienna Private Credit to secure their next 16 projects in the Netherlands.”

Ronald Gaultier, manager of Predirec EnR 2, shared: “With this investment, we are thrilled to provide Sunvest with the ability to accelerate its growth. We are convinced that we need to focus on the most active players to maximize our positive impact and foster Energy Transition in the most efficient way, in line with the promise made to our investors. We are also proud to make our first investment in the Netherlands. This is a new milestone in our strategy to expand our impact throughout Europe.”