Finnish Climate Fund – Cornerstone investment in Taaleri Bioindustry I fund

We advised the Finnish Climate Fund as it invested in the alternative investment fund Taaleri Bioindustry I. The investment commitment of the Finnish Climate Fund was EUR 15 million.

The Taaleri Bioindustry I fund supports the development of bioindustry primarily in Finland. The target fund is the first private equity fund in Europe that focuses purely on bioindustry projects. The fund is also one of Finland’s first private equity funds to be classified as dark green, i.e. funds under Article 9 of the EU’s Sustainable Finance Disclosure Regulation.

We acted as a comprehensive advisor in drafting the documentation concerning the fund investment and in negotiations while taking into account the unique issues and requirements of the role of a cornerstone investor in the Finnish Climate Fund. When providing advice, we focused particularly on the SFDR and the dynamic and transient regulatory issues relating to compliance with the SFDR.