Our Strategy
Marguerite is a pan-European investor in long-life infrastructure focussed on greenfield and brownfield expansion initiatives. We focus on the resilience of our investments and their benefit to future generations. Sustainability considerations are deeply integrated into the investment process, with continuous and proactive asset management of sustainability issues throughout our ownership cycle. Marguerite utilises an integrated investment philosophy that is structured to address the unique characteristics of greenfield investing.
We integrate robust ESG screening as part of our eligibility criteria, continuously measure the positive impact of our investments, and proactively engage in sustainability management with all stakeholders throughout the investment lifecycle. Our strategy and actions are founded on the following principles.
- Select investments against rigorous ESG criteria
- Comply with European laws and regulations and UN guidelines
- Forgo projects based on exclusion criteria that don't meet sustainability goals
- Continuously review eligibility criteria and anticipate new regulations
- Assess the intrinsic positive contributions of potential investments
- Measure the positive impact of each investment and their contribution to the UN Sustainabile Development Goals
- Improve performance of each investment against sustainability KPIs
- Consider non-financial aspects of an investment and its resilience to sustainability factors
- Follow worldwide recognised standards (UNPRI, GRESB and MSCI)
- Capture sustainability risks and opportunities
- Closely assess, monitor and update ESG action
- Disclose to investors sustainability-related principles and targets
- Integrate ESG criteria into each investment proposal
- Report regularly to investors on the progress of ESG KPIs
- Publish an annual sustainability report
Target sectors
Marguerite funds are designed to address the changing infrastructure landscape in Europe. We seek out capital intensive, sustainable opportunities with a particular focus on four sectors.
Energy & Renewables
Addressing climate change and energy transition
- Generation from renewable sources
- Low-carbon hydrogen initiatives
- Transmission, distribution and storage of low carbon gases and electricity
- Carbon capture & storage
- Energy and resource efficiency
- Emerging technologies
Transport
Building and modernising Europe’s transport infrastructure
- Sustainable urban transport, e-mobility
- Alternative fuels for mobile maritime and inland navigation infrastructure
- Intermodal infrastructure
- Rail infrastructure
- Inland ports and waterways
- Greenfield and upgrades of existing infrastructure
Waste & Water
Leading innovation in waste reuse and management
- Integrated waste management
- Drinking water, wastewater treatment
- Protection of water resources and water reuse
- Circular economy projects covering circular industrial processes and business models
- Integrated waste management
Digital
Tapping into growth driven by digital transformation
- Fibre and other digital networks
- 5G infrastructure
- Backbone infrastructure
- Data centres
- Submarine cables
Investment funds
Marguerite is a leading European infrastructure investor having managed 3 funds since 2010.
Marguerite I
- Vintage: 2010
- €710m commitments
- Sector focus:
- Transport
- Renewables
- Energy
- Fully invested
Marguerite Pantheon
- Vintage: 2017
- 5 operational investments aquired from Marguerite I
- Fully invested
Marguerite II
- Vintage: 2017
- €745m commitments
- Sector focus:
- Digital
- Energy inc. Renewables
- Waste & Water
- Transport
- Actively investing
Marguerite III
- Vintage: 2023
- In fundraising
- Sector focus:
- Digital
- Energy inc. Renewables
- Waste & Water
- Transport
- Actively investing
Our Story
From our origins in 2010 as an infrastructure investment manager backed by the European Investment Bank and five National Promotional Banks, we have evolved into a fund manager dedicated to generating value for investors and backing initiatives that create positive change for society.
We are a long-term investor focussed on pan-European greenfield and brownfield expansion opportunities, and place sustainability principles and ESG values at the heart of everything we do.
2023
Marguerite joins Plenium Partners and takes majority stake in SotySolar
Marguerite expands digital infrastructure portfolio with strategic investment in Slovak telecommunication operator Swan
Marguerite, Pionner Point Patners & FIEE join forces to create the biggest italian residential energy efficiency company
Exit - Marguerite sells its stake in Latvijas Gäze
Investment in EV charging operator Wattif, based in Norway
Investment in a new pan-European solar PV development platform
Exit – Butendiek offshore wind farm in Germany
Exit – Two onshore wind farms in Sweden
Exit - Marguerite & RP Global to sell their wind assets in Poland
2022
Investment in a biomass district heating network in Cuenca, Spain
Investment in Jifmar, French integrated marine and engineering solutions provider
Biogas investment in Keon
2021
Investment in innovative and sustainable Data Centre colocation in Sweden
Hybrid solar-plus-storage investment in ZE Energy
Intermodal freight transport investment in GTS group
Exit - Waste-to-energy plant in Poznan, Poland
Exit - Three Solar PV plants in Spain
Exit - Digital portfolio assets in Alsace, Grand Est and Haute Garonne
2020
Exit – M17/M18 Irish road PPP
Exit – Conexus Baltic Grid natural gas transport and storage in Latvia
2019
Exit - Toul and Massangis solar PV plants in France
2018
Marguerite II final closing on €745 million
Marguerite becomes UNPRI signatory
Energy efficiency investment in City Green Light
Awarded IJ Global “European Waste Deal of the Year” for Belgrade Energy from Waste in Serbia
2017
Investment in fibre optic cabling in Alsace
Marguerite II launched
Exit of five assets to Pantheon fund
2016
Investment in Latvijas Gaze gas project
Awarded IJ Global “European Telecoms Deal of the Year” for Superstrada Pedemontana Veneta
2014
Early investor in Ireland post financial crisis N17/N18 motorway – awarded Thomson Reuters “European PPP Deal of the Year”
2013
Awarded Thomson Reuters “European Power Deal of the Year” for offshore wind investment in Butendiek, Germany
February
Investment in Energy from Waste in Poznan, Poland
2012
First transportation investment in A-1 Autovia del Arlanzon
Investment in Aeolus wind farm in Poland
2011
Marguerite I makes first investments in renewables
2010
Marguerite I established with €710m
Awards
Since our start, Marguerite's investments have collectively won over 30 industry awards. We are proud that our investments have been recognised for their contribution to the infrastructure community and for their impact on local economies.
Best Oil & Gas Acquisition – Overall Winner
15 December 2020 - IJ Investor
Marguerite’s joint venture with Italgas for the methanisation of Sardinia wins two coveted awards Best Oil & Gas Acquisition – LNG Midstream
15 December 2020 - IJ Investor
Marguerite’s joint venture with Italgas for the methanisation of Sardinia wins two coveted awards
Best Financial Structure – Transport
9 December 2020 - Partnerships Bulletin
Silver award winner for the refinancing of the Zagreb Airport Concession, Croatia Best Financial Structure – Transport
9 December 2020 - Partnerships Bulletin
Silver award winner for the refinancing of the Zagreb Airport Concession, Croatia
Best Subsea Project of the Year, 2020 and 2019
October 2020 and October 2019 - Global Carrier Awards by Capacity Media
Marguerite’s investment EllaLink has been honored with the prestigious “Best Subsea Project of the Year” at the Global Carrier Awards in two consecutive years European Deal of the Year – Waste
July 2020 - IJ Global
Another award for our 20% stake in the Belgrade Energy-from-Waste and Landfill Remediation PPP, Serbia European Deal of the Year – Waste
July 2020 - IJ Global
Another award for our 20% stake in the Belgrade Energy-from-Waste and Landfill Remediation PPP, Serbia
Best Airport – Air Service Quality (ASQ)
March 2020 and March 2019 - Airports Council International
Air Service Quality (ASQ) award for ‘Best Airport’ by Size and Region (2 to 5 million passengers per year in Europe) for Zagreb Airport Concession PPP project, Croatia
European Biomass Project of the Year
March 2019 - IJ Global
Award for our €23m mezzanine loan to finance the Greenalia Biomass Power Curtis-Teixeiro biomass plant (Spain)
Best M&A Deal in Europe
June 2018 - EMEA Finance
Marguerite’s 20% purchase of Italy’s Infracom nabs the best dealmaking award. Best Telecommunications Deal
June 2018 - EMEA Finance
The Grand Est FTTH PPP project in France, the biggest fibre optic contract in the country, wins two “Best of” awards - one for structured finance and one for telecoms. Best Structured Finance Deal in Europe
June 2018 - EMEA Finance
The Grand Est FTTH PPP project in France, the biggest fibre optic contract in the country, wins two “Best of” awards - one for structured finance and one for telecoms.
Best Financial Structure – Utilities
May 2018 - Partnerships Bulletin
The Grand Est, a headline Marguerite investment in fibre optics, wins the gold award in the Utilities category
European Deal of the Year – Airport
March 2018 - IJ Global
Marguerite’s 10% stake in Fraport in Greece comes top as Deal of the Year for airports. European Deal of the Year – Transport
March 2018 - IJ Global
Marguerite’s financial support for Italy’s Pedemontana Veneta Motorway PPP wins the top award in the transport category. European Deal of the Year – Telecoms
March 2018 - IJ Global
Marguerite’s 22% investment in France’s largest fibre optics contract, the Grand Est FTHH PPP, wins the top award in telecoms.
PPP Deal of the Year, 2017
March 2018 - Infrastructure Investor
The Pedemontana-Veneta highway in Northern Italy wins the highest accolade for a PPP infrastructure project for its vision to connect 34 municipalities and over 160km of construction.
Europe Transport Deal of the Year, 2017
February 2018 - Project Finance International
Our investment in Pedemontana-Veneta highway wins the top award in transport for its ambition and scale.
Europe Telecoms Deal of the Year, 2017
February 2018 - Project Finance International
Marguerite’s 22% investment in France’s largest fibre optics contract, the Grand Est FTHH PPP, wins the top award in telecoms.
Best Gas Deal of the Year
June 2017 - EMEA Finance
AS Latvijas Gāze (Latvia), a key investment in our fund, won the best gas deal for Marguerite’s acquisition of 28.97% stake from E.ON.
Best European Telecoms Deal
March 2017 - IJ Global
The Marguerite Fund wins Best European Telecoms Deal Award 20 The Marguerite Fund was granted the “Best European Telecoms Deal” award for its 37% stake in the Rosace fiber optic FTTH project in France. Best Refinancing Deal in Europe
June 2016 - EMEA Finance
Marguerite receives accolades for the refinancing of the Toul-Rosières solar park in the Lorraine, the largest photovoltaic power station in France.
Three Trophées d’Argent in the Leaders League of infrastructure funds
November 2016 - Décideurs Magazine
La meilleure stratégie en France et à l’international La meilleure stratégie en France La meilleure stratégie à l’international
PPP Deal of the Year
June 2015 - Project Finance International
The Marguerite Fund wins the ultimate Europe PPP Deal of the Year award for its 50% stake in the PPP Scheme to construct the Gort to Tuam toll-free highway in Ireland.
Best Pathfinder Project
June 2014 - Partnerships Bulletin
Best Pathfinder Project award for its 50% stake in the Poznań waste-to-energy PPP project in Poland
PPP Deal of the Year, Central and Eastern Europe
June 2014 - EMEA Finance
Marguerit’es 20.8% investment in the Zagreb Airport Concession PPP project in Croatia wins two prestigious awards shortly after Croatia joins the European Union as a member state. Best Project Finance Deal of the Year, Central and Eastern Europe
June 2014 - EMEA Finance
Marguerit’es 20.8% investment in the Zagreb Airport Concession PPP project in Croatia wins two prestigious awards shortly after Croatia joins the European Union as a member state.
Europe Renewables Deal of the Year
February 2014 - Project Finance Magazine
Marguerite’s 22.5% stake in the Butendiek greenfield offshore wind farm project in Germany wins Renewables deal of the year for Europe Europe Airport Deal of the Year
February 2014 - Project Finance Magazine
Marguerite’s 20.8% investment in the Zagreb Airport Concession PPP project in Croatia wins Airport Deal of the Year for Europe Europe Waste Deal of the Year
February 2014 - Project Finance Magazine
Marguerite’s 50% stake in the Poznań waste-to-energy PPP project in Poland wins Waste Deal of the Year for Europe
European Power Deal of the Year
February 2014 - Project Finance International
The Marguerite Fund was awarded the “Europe Power Deal of the Year” award for its 22.5% stake in the Butendiek greenfield offshore wind farm project in Germany.
Best Sustainability Deal, Central and Eastern Europe
June 2013 - EMEA Finance
The Marguerite Fund scoops the Best Sustainability Deal in Central and Eastern Europe award for its investment in the Aeolus wind farms in Poland.
Infrastructure Fund of the Year, Energy
April 2013 - Infrastructure Journal
The Marguerite Fund has won the “Infrastructure Fund of the Year” award for energy based on its various investments in energy projects in Western as well as Central and Eastern Europe.
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