ThomasLloyd SICAV – Sustainable Infrastructure Income Fund surpasses €100 million

• World’s first fully regulated, open-ended public infrastructure fund reaches key AuM milestone

• Awarded LuxFLAG Environment label and aiming to be compliant with article 9 of SFDR

• Delivered double digit returns in 2020

Zurich, 15 February 2021. ThomasLloyd, one of the world’s leading specialist impact investors and providers of climate financing, has announced that its Sustainable Infrastructure Income Fund (SIIF) has surpassed €100 million in assets under management[1].

The SIIF[2] is the world’s first fully regulated, open-ended public infrastructure fund, listed on the Luxembourg stock exchange’s Green Exchange, a dedicated platform for green, social and sustainable securities. The fund was awarded the LuxFlag Environment label within a year of listing. This label is awarded by an independent expert panel and recognises the rigorous investment strategy. It helps investors to identify funds that are true-to-label and genuinely make a positive impact on the environment and are invested in a socially and responsible manner[3]. The SIIF will also be compliant with article 9 of the Sustainable Finance Disclosure Regulation (SFDR) once it comes into effect on March 10, 2021.

The underlying investment strategy has a successful 10-year track record, and has delivered an annual performance exceeding 12% net of fees. In 2020, the SIIF delivered 11.69%[4].

Founder and Chief Executive Officer, T.U. Michael Sieg noted: “We listed the SIIF in 2018 in response to strong demand from fund selectors, institutional investors and the wholesale market across Europe and the UK. Previously investors have thought that investing in infrastructure is limited to institutions, requiring significant initial capital and a holding period of more than 10 years making it unattainable for many. The semi-liquid SIIF makes direct investing in private infrastructure accessible to a broader range of market participants and offers instant access to sustainable infrastructure real assets. Increasingly, global investors are looking for stable, yield generating investments that have little correlation to traditional asset classes. The SIIF provides investors with both attractive risk adjusted returns and predictable long-term yields.

The SIIF invests directly in a diversified portfolio of privately held, sustainable infrastructure assets. These investments, in high growth and emerging markets – predominately in the Indian subcontinent and Southeast Asia – have helped, and will continue to transform lives and communities.

The portfolio consists of three operational bio-mass plants in the Philippines with 70 MW, delivering clean energy to 724,000 people and reducing C02 by 57,680 tonnes p.a. In addition to this, there are three operational solar power plants in the Philippines with 80 MW, reaching 233,000 people and reducing CO2 by 65,915 tonnes p.a. In India, ThomasLloyd is invested in six operational solar power plants, across four states with a total capacity of 234 MW. Capacity for an additional 150 MW is already funded.

“We are delighted that this fund has surpassed an industry milestone of €100 million in assets under management. The energy transition already underway is a structural shift driven by the realization that reliance on fossil fuels is wholly incompatible with the Paris agreement on greenhouse gas emission. Addressing this challenge is key. We look forward to playing an even greater role, building on our deep knowledge and successful execution track record of deploying capital in real assets in fast growing economies,” said Mr. Sieg.

The SIIF is distributed across the European Union, Switzerland, UK, Singapore and other select markets to professional, restricted and qualified investors worldwide through banks and a number of selected high profile platforms, including Allfunds, Clearstream, Fund Centre and IFSAM.

ThomasLloyd is an accredited partner of the IFC, a member of the World Bank Group, and an authorized partner of the European Investment Bank.

[1] As at 31 January 2021

[2] The SIIF is an open-ended Alternative Investment Fund (AIF) domiciled in Luxembourg and structured as a SICAV (UCI Part II) and subject to the UCITS V Directive depositary regime

[3] The ThomasLloyd Sustainable Infrastructure Income Fund is annually scrutinised by an expert panel and needs to meet internationally recognised standards in the Socially Responsible Investment Sector

[4] USD share class as at 31 December 2020