Ginkgo Advisor has recently announced the first closing and launch of its second fund, Ginkgo Fund II, which targets the sustainable remediation of brownfield sites in urban areas.

The fund will be supported by the European Fund for Strategic Investments (EFSI) and its principal investors include the European Investment Bank (EIB), Caisse des Dépôts, the Edmond de Rothschild Group and Société Fédérale de Participations et d’Investissement (SFPI).

The EIB and Caisse des Dépôts resolved to demonstrate their continued confidence in Ginkgo Management by committing up to EUR30 million each in the fund. The Edmond de Rothschild Group and SFPI invested nearly EUR10 million each.

Buoyed by the renewed trust of its founding investors and the arrival of new investors, Ginkgo Fund II announces the success of its first closing and confirms its total fundraising objective of EUR140 million by the end of the year.

Like its predecessor, Ginkgo 2 will continue to operate mainly in France and Belgium, generating value added for all the parties involved in projects designed to clean up contaminated brownfield sites, i.e. the owners of the polluted land, local and regional authorities, builders/developers and the final users.

 Bruno Farber, Ginkgo’s CEO, said:

 “The successful launch of Ginkgo 2 was made possible by the very strong loyalty of our original investors, virtually all of which have doubled their commitment by reinvesting in Ginkgo 2”.

Jyrki Katainen, the Vice-President of the European Commission responsible for jobs, growth, investment and competitiveness, added:

"Support from the EFSI allowed the EIB to invest more rapidly in Ginkgo - and then private investors followed. This is an excellent project for urban renewal and development: green investment at its best." 

Gabrielle Gauthey, Caisse des Dépôts Director for Investment and Local Development, commented:

“Caisse des Dépôts decided to demonstrate its continued confidence in Ginkgo by investing in the new Ginkgo Fund 2, which should enable it to rapidly start work on sites in urgent need of remediation.”