GREECE - Matrix Asset Management has launched a new socially responsible energy fund targeting institutional investors.
The Glyfada-based firm has incorporated an energy fund in The Netherlands Antilles, called the Noble III Fund. The fund’s primary target is to invest in various regenerative energy projects such as wind energy, solar energy, biomass, and hydropower either directly, or through cooperation with its banks.
The fund will incorporate all the standards of socially responsible investing as well as the values and morals as defined by the Catholic Church, said Matrix. It will not be marketed in Greece but mainly in the Middle East and North Africa said a spokesman.
The open-ended fund beckons an initial offering of EUR160m.
Matrix is currently in partnership with Opera dello Spirito Santo - a religious order of the Holy Spirit of the Roman Catholic Church with a presence in 140 countries - to leverage off of its international distribution.
Since last year, Matrix has also cooperated with P&T Technology, a German listed company in XETRA Neuer Markt, which focused on turnkey energy projects. P&T is the primary candidate to receive the proceeds of the fund for already earmarked wind farm locations.
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