- Category
- Defining Matters
- Date
- Feb. 06, 2020
- Title
-
Kramer Levin Structured and Set up the New Eiffel France Gas Vert Fund Launched Officially by French Environment Minister Elisabeth Borne
This fund aims to accelerate the development of the renewable gas industry and financing projects with a positive impact on the environment and climate change. The performance of nonfinancial criteria is taken into account not only when selecting the investments but also for the vesting of the carried interest in order to ensure a perfect alignment of interests between the management team and the investors.
The fund, managed by French AIFM Eiffel Investment Group, takes legally the form of a French limited liability partnership (société de libre partenariat), eligible under the legal and tax quota of French private equity funds (FPCI).
Banque des Territoires (CDC Group), GRTgaz, Société Générale Assurances, Ademe Investissement and Eiffel Investment Group (carried partner) were among the investors admitted to the first closing.
