Edmond de Rothschild in partnership with Pearl Advisory launched a new fund for energy and environment development in Europa?
The investment strategy is said to have a positive environmental impact in European environmental infrastructures that responds to the current challenges of the ecological and energy transition and the circular economy.
It will aim to face the increased financing needs of industrialists and local authorities to modernize old infrastructures and to meet the growing European regulatory constraints in the environmental field in order to reduce the overall carbon footprint.
Pearl Infrastructure receives financial support from two strategic investors, the European Investment Bank under the “Juncker Plan”, and Caisse des Dépôts et Consignations, each worth €30 million, alongside other French institutional investors and as well as the Edmond de Rothschild Group.
The fund is aiming to beg for a total commitment of €250 million from public tax money raised by the end of 2019.
New Europe / ABC Flash Point News 2019.
So, they can suck up public (ax) money for their adventure?