Encavis Asset Management AG and BayernLB launch Encavis Infrastructure Fund IV

The asset management unit of German renewables operator Encavis and Munich-based bank BayernLB have launched a new renewable energy-focused investment fund, Encavis Infrastructure Fund IV (EIF IV). 

EIF IV seeks to raise a total of EUR500 million (US$583.41 million) from credit institutions to invest in onshore and solar power generation plants across Europe. The fund will have an increasing annual distribution of around 5% on average over a term of 25 years.

Encavis will assume the selection, auditing, and management of the solar and wind farms for the new fund, while BayernLB will be responsible for the distribution and investor support. EIF IV will be managed by BayernInvest Luxembourg SA.