The fund has sustainable investment as its objective as set out in article 9 of the SFDR. The fund invests primarily in companies throughout Europe that accelerate the energy transition with the prospect of an attractive financial return combined with the opportunity for investors to make a pro-active, measurable and lasting contribution to the reduction of CO2 emissions. The Fund invests in equity and/or quasi-equity, such as shareholder loans and preferred capital, and in subordinated debt in qualifying investments. The fund primarily invests in project companies in the European Union, EFTA countries and the United Kingdom that generate renewable energy, reduce energy use, make the energy system more flexible or that enable electrification. In order to enable projects, the fund may invest in projects in the development phase or provide growth capital to privately-owned companies that are active in the abovementioned sectors with the objective of accelerating their growth. The return of the fund is determined on the one hand by interest income on the loans and dividend income from participations minus the costs of managing the fund, and on the other hand by the value changes of the investments. The return of the fund depends to a large extent on the development of global energy prices, and on policy developments of European and national governments with regard to the (renewable) energy sector. The fund is actively managed, but not in reference to any benchmark.