Colesco secures €800m in first close with backing from APG and Rabobank

Sustainability-focused direct lender Colesco raised over €800m in its first platform close, with APG and Rabobank joining as cornerstone investors.

The Luxembourg-based platform is dedicated to financing sustainable ventures and aims to allocate at least 50% of its investments to projects in sustainable food, energy transition, and an inclusive society.

To align financial performance with impact goals, Colesco has linked half of its performance-related fees to meeting sustainability KPIs. It will provide regular reporting on investment outcomes using sustainability metrics and the IRIS+ framework. Co-Founder and CIO Danny Vroegop called the milestone a validation of Colesco’s relevance in the European direct lending market.

APG, investing on behalf of ABP, bpfBouw, and PPF APG, supports Colesco’s mission of responsible private credit investments. APG’s Head of Alternative Credit, Menno van den Elsaker, emphasized the platform’s ability to deliver strong returns while prioritizing sustainability. Rabobank’s Managing Board Chair Stefaan Decraene highlighted how the investment aligns with the bank’s goal of accelerating sustainable transitions in food and energy systems.

Colesco will offer senior secured and subordinated debt to European mid-market companies with EBITDA ranging from €10m to €100m, focusing primarily on the Benelux region and the broader European market. The successful first close positions Colesco as a key player in sustainable direct lending, reinforcing private credit’s role in financing the green economy.

Source: Alternatives Watch

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