13.09.2022
TAALERI PLC INVESTOR NEWS 13 SEPTEMBER 2022 AT 9:30 (EEST)
Taaleri’s first bioindustry fund announces its second closing at over EUR 100 million – the Finnish Climate Fund made an additional investment in the fund
Taaleri Bioindustry I fund reached a size of over EUR 100 million in the second round of funding and continues fundraising backed up by strong demand. The fund complies with Article 9 of the EU Sustainable Finance Disclosure Regulation and is as such a so called dark green fund that only makes sustainable investments in projects that, for example, contribute substantially to climate change mitigation. The fund’s first investments have been chosen, and the first funds will be called immediately.
The fund’s anchor investor, the state-owned special-assignment company Finnish Climate Fund, made an additional EUR 5 million investment in the fund in the second round in accordance with its option. The Climate Fund invested EUR 10 million in the bioindustry fund already in the first round.
“We are very happy with the success of the fundraising after the first round. The fundraising has progressed in good cooperation with Aktia, and we will continue with it. The next closing will be the fund’s last and its probable so-called hard cap. The maximum amount of funds to be raised in the fund is EUR 120 million,” says Tero Saarno, director of Taaleri Bioindustry. “We have already raised more than 25 percent more than the original target size of the fund. This illustrates well how strong the demand is for sustainable investment products.”
Taaleri Bioindustry I is a closed-end private equity fund with a 10-year term and a target size of EUR 80 million. The fund will invest in industrial-scale production facilities and companies that can accelerate the scaling of bioindustry production. Products can be, for example, bio- and recycled fibers, organic fertilizers, functional biomaterials, and recycled materials to replace virgin products.
Taaleri's vision is to be a Nordic pioneer in alternative investments focusing on sustainability. We use capital and our expertise to build a better future, and in addition to bioindustry projects, we promote e.g. wind and solar power.
For further information, please contact:
Tero Saarno, director, Taaleri Bioindustry, +358 50 373 1923, tero.saarno@taaleri.com
Taaleri in brief
Taaleri is a Nordic investment and asset manager with an emphasis on renewable energy and other alternative investments. We channel capital towards economically profitable undertakings that have a lasting positive impact on the environment and society. We combine capital with talent, expertise, entrepreneurship, and a bold sense of purpose. We are a signatory of the UN Principles for Responsible Investment (UNPRI) since 2010, and we joined the Net Zero Asset Managers initiative in 2021. Taaleri’s vision is to be a Nordic forerunner in alternative investments focusing on sustainability.
Taaleri has two business segments: Private Asset Management and Strategic Investments. Private Asset Management consists of renewable energy, real estate and bioindustry businesses. The Strategic Investments segment includes Garantia Insurance Company Ltd.
Taaleri has EUR 2.4 bn of assets under management in its private equity funds and co-investments. The company has approximately 120 employees. Taaleri Plc is listed on Nasdaq Helsinki.
Siri Markula, Head of Communications and IR, +358 40 743 2177, siri.markula@taaleri.com