Adiant Capital Partners, a Swiss investment advisory firm, has closed Adiant Solar Opportunities I, a 5-year permanent capital investment vehicle dedicated to providing construction financing to solar photovoltaic projects globally.
Over the next 5 years, Adiant Solar Opportunities I (“ASO”) will acquire rights to European ready-to-build solar projects, finance their construction and, upon grid connection, sell operating solar assets to investors seeking high quality, long-term stable income stream from operating soalr infrastructure. ASO will provide PPA-based or merchant operating assets to investors, according to their risk appetite.
“We are extremely pleased with the closing of ASO, achieved in 6 months only, despite adverse market conditions and a highly competitive fundraising environment. ASO has gathered considerable investor interest which confirms that renewable infrastructure is increasingly seen as a mainstream asset class by an investor community looking for a balanced risk-return ratio” said Pierre-Loïc Caïjo, managing partner of Adiant Capital Partners.
Nils Hammon, Adiant Capital Partners’ second managing partner, added “ASO illustrates very well Adiant’s focus on market-driven strategies. ASO is indeed uniquely positioned to benefit, in the near to medium term, from the gap created by traditional lenders retreating from the construction phase, due to economic and regulatory pressure, whilst developers value highly our quick and transparent investment decision making in the context of rapidly falling subsidies and changing market conditions”.
Adiant Capital Partners (“Adiant”) was founded by Pierre-Loïc Caïjo and Nils Elias Hammon, two experienced private equity professionals who have gathered a team with significant experience in the energy infrastructure sector. Adiant is an investment firm pursuing market-driven strategies with a primary focus on European on-shore wind and solar photovoltaic assets. It aims at meeting increasing investors’ demand for low-risk, long-term stable cash flow generating assets.