The fund
Trustvolt Energy Group invests through a closed-ended vehicle for professional and semi-professional investors. This page describes the structure in outline; the offering documents govern.
Structure at a glance
- VehicleTrustvolt Infrastructure Fund I, SCSp (Luxembourg)
- DomicileLuxembourg
- ManagerTrustvolt Fund Management S.à r.l.
- StrategyDevelop, build and hold renewable-powered digital infrastructure in Europe
- Target size€ 350 million
- Term12 years plus 2 × 1-year extensions
- Minimum commitment€ 200,000 (professional and semi-professional investors) and semi-professional investors)
- Investor eligibilityProfessional and semi-professional investors within the meaning of the KAGB / MiFID II
- Sustainability classificationSFDR Article 8
- ReportingQuarterly reports, annual audited accounts, annual investor meeting
Indicative terms; the private placement memorandum and the limited partnership agreement prevail.
Who invests
Family offices and entrepreneurial families looking for real assets with contracted cash flows and a direct link to the energy transition; institutional investors adding digital infrastructure to an infrastructure allocation; and industrial companies with a strategic interest in power and compute.
Co-investment alongside the fund is available for larger tickets on individual projects, at the same terms as the fund.
How the fund earns
Lease income
Long-term powered-shell and powered-land leases with operators and hyperscalers, typically indexed and with credit-worthy counterparties.
Power and flexibility
Renewable generation sold to the campus and under PPA to third parties; storage income from balancing and capacity markets.
Development value
The difference between a site with a plan and a site with a connection, a permit and a tenant. Realised through refinancing once stabilised, or sale where appropriate.
Governance
Investment decisions are taken by an investment committee of five members, including two independent members. An advisory board of investors reviews conflicts, valuation policy and material changes to strategy. Valuations are prepared quarterly and reviewed by an independent valuer annually.
Fees and carried interest are set out in the offering documents. There is no retrocession of any kind from contractors, suppliers or tenants.
Documents
Available to eligible investors after registration and confirmation of status:
- Private placement memorandum
- Limited partnership agreement and subscription documents
- Pipeline overview and project summaries
- Sustainability disclosure (SFDR pre-contractual information)
- Data room access
Important information. This page is provided for general information only and is directed at professional and semi-professional investors. It is not an offer or a solicitation to acquire any interest in a fund, and no such offer will be made except by means of the offering documents to eligible investors in jurisdictions where this is permitted. Investments in unlisted infrastructure and development projects are illiquid, involve significant risk including the loss of the entire amount invested, and are committed for many years. Past performance and pipeline figures are not a reliable indicator of future results.