Taaleri launches a private equity fund focusing on bioindustry – the fund is classified as dark green as it only makes sustainable investments
The investment and asset manager Taaleri launches Taaleri Bioindustry I fund, which focuses on bioindustry. This is Europe’s first private equity fund to focus purely on bioindustry projects. It is also one of Finland’s first private equity funds to be classified as dark green, i.e. funds under Article 9 of the EU’s Sustainable Finance Disclosure Regulation. The fund only makes sustainable investments in projects that, for example, contribute substantially to climate change mitigation. The fund also reports extensively on the sustainability impact of its investments.
Taaleri Bioindustry I will invest in industrial-scale production facilities 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 Bioindustry I is a closed-end private equity fund with a 10-year term and a target size of EUR 80 million. Taaleri will initially sell the fund to both international investors and large domestic institutional investors. The fund is also to be sold to other investors through Taaleri’s partner Aktia after receiving the necessary regulatory approvals.
Read more/Source: Finance Yahoo
