GERMANY 鈥� German KAG service provider White Label has been awarded a mandate by a US and an Asian investor to buy data-processing centres.
The two unnamed institutional investors awarded a joint mandate to German White Label Real Asset Products and London-based AC Niellsen to purchase data-processing centres in Europe.
White Label said the two investors recently bought several data-processing centres in the Netherlands and were now "turning their focus on Germany".
Peret Bergmann, managing director at White Label, said data centres did not yet play a major role in infrastructure investments.
"Storage and processing capacities are increasingly outsourced to data-processing centres, and one of the main criteria for our clients is data security," he added.
White Label is in the process of setting up a Master-KVG focusing on closed-end fund structures, which now have to comply with (AIFMD).
Meanwhile, Schoeller Clean Power has announced the first closing of its first Luxembourg SICAV-SIF fund for solar and wind energy, the Clean Power Income Fund.
The fund, aimed at institutional investors, will invest in power plants producing energy from renewable sources.
Schoeller, formerly a provider of closed-end fund strategies, said it could offer institutional investors fund structures according to the new AIFMD.
The fund is managed by the Luxembourg-based Avana Investment Management and was set up using almost no debt.
Entrepreneur family Schoeller, owner of the Schoeller Holding of which Schoeller Clean Power is a subsidiary, provided seed capital.
