SGAM announces 4D Global Energy Fund

Société Générale Asset Management (SGAM) has announced the establishment of the 4D Global Energy Fund, a a200m-target fund focused on the worldwide hydrocarbon value chain. The vehicle will have a ten-year life and will take the form of an Irish investment company. SGAM has invested $25m and Société Générale will invest up to 10% of the total amount raised. The directors of 4D have allocated 80% of the fund for unquoted investments, with the remaining 20% available for backing quoted companies. 4D will make funds available to companies that have an enterprise value in the region of $50-500m. Investments will be spread opportunistically around the globe with at least 25% in the European Union. Minimum investment in any one company will be $5m with an upper limit of 10% of the fund. Equity stakes secured will not amount to more than 30% and the investments made may be into preference shares, convertibles and equity-linked securities. It is thought that during the investment period, which will be up to four years in length, ten companies will receive capital in the region of $20m from the fund.

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