ABN Amro backs ESG-linked facility for AlpInvest

ACV VIII held a final close in April 2021 on $3.5bn, surpassing its $3bn target, as reported.

The fund, which is backed by more than 120 LPs, invests in buyouts and growth capital deals alongside GPs on a global basis.

The interest margin of the credit facility is linked to the ESG performance of ACF VIII, according to a statement. The targets are related to the GP's investment process, engagement activity and transparency.

AlpInvest said in a statement that it believes the facility is one of the first of its kind for a co-investment vehicle, adding that the ESG element emphasises the firm's commitment to responsible investment practices.

Rabobank acted as sustainability coordinator for the facility.

ABN Amro completed a spin-out of its private equity unit in 2018, with backing from AlpInvest and LGT Capital Partners, following which Capital A was established as a separate entity from the bank.

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• Topics
• Financing
• GPs
• Benelux
• Netherlands
• Fund financing
• ABN Amro Bank
• AlpInvest Partners N.V.
• Carlyle Group