Amber expands EU offering

Manager Amber Infrastructure Group is to open an office in Austria to source opportunities in Central and Eastern Europe (CEE).

Heimo Stauchner will join Amber’s investments team and will be based in Vienna, sourcing opportunities in the energy sector across Amber’s mandates.

Stauchner is the former Managing Director and Head of the Financial Sponsors & Energy Group at Erste Group Bank. He has also held senior roles at OMV Group and at Bank Austria Creditanstalt, now part of UniCredit Group.

He will particularly assist Amber’s CEE regional strategy following its appointment as investment advisor to the flagship Three Seas Initiative Investment Fund in February 2020.

The Three Seas Initiative includes member states of Austria, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, Slovenia.  As previously reported, The Three Seas Initiative Investment Fund reached an interim close of EUR520m in February 2020, with further closes due in 2020.

Amanda Woods, Chief Investment Officer, Amber Infrastructure Group, said: “We are delighted to both welcome Heimo to our team and announce the opening of Amber’s ninth global office, in Vienna. Heimo brings a wealth of experience and will play a key role as Amber expands its team into new markets.”

Heimo Stauchner, Senior Investment Director, Amber Infrastructure Group, said: “Central and Eastern Europe holds a lot of promise for responsible infrastructure investors and managers like Amber, as the long-term structural demand for investment will only get bigger in the next decade. I am pleased to be joining Amber at such an exciting juncture for the Group.”

Meanwhile in a portfolio update, International Public Partnerships (INPP) said the pipeline for the types of assets the fund, which is advised by Amber, invests in is positive and the appetite for long-term responsible investment into public and social infrastructure remains high.

However, the London-listed fund is also acutely aware of the significant impact that the Covid-19 pandemic may have on the broader economy and continues to work hard to understand the likely impacts on the company's operations.