The lending group comprises Standard Chartered Bank, BNP Paribas, ANZ Banking Group Limited, ING Bank, and Royal Bank of Canada. The facility will serve as a key source of liquidity for the fund, which is dedicated to investing in mid to upper middle market European businesses.
The facility structure integrates ICG’s ESG and climate ambitions to deliver sustainable outcomes. Under the sustainability framework, portfolio companies will be required to set ambitious emission reduction targets aligned with a Science Based Target (SBT). SBTs are carbon emission targets aligned with the goals of the Paris Agreement.
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