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Komfie Manalo, Opalesque Asia:

Alternative investment manager Tages Capital SGR, a unit of Tages Group, said that its alternative investment fund specializing in the solar infrastructure sector Tages Helios Investment Fund has completed financing of its energy portfolio.

In a statement, Tages said that the fund's $410.42m portfolio in SunReserve was acquired in August 2016 from First Reserve Energy Infrastructure, consists of nine renewable energy plants with a total power capacity of 101 Mega Watts (MW).

Umberto Quadrino, chairman of Tages Holding, commented "I am particularly proud of receiving commitments equal to 150% of Tages Helios' financial needs from some of the most significant European banking institutions. This is a credit to the robustness of the financial structure, organizational capabilities and the role of Tages Capital SGR as the management company of Tages Helios. The fund is a major player in the Italian renewable energy sector. The successful financing of the fund completes our target to improve the financial and operational efficiency of the portfolio. This also finalizes the execution of new operations and maintenance, and asset management contracts."

With the completion of the financing, ownership of the real estate assets have now been transferred to Tages Helios and will be leased back to operators of the plants. Management will be......................

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