Rabobank Moves Into Private Credit by Backing New ESG Lender (1)

Rabobank Group is the latest European bank to grab a foothold in the lucrative world of private credit, as the Dutch lender becomes the cornerstone investor in a new sustainable direct lending firm.

A senior credit team from Rabobank set up the new platform, Colesco, which is among the only private lending firms dedicated to sustainable investing, according to its co-founder and chief investment officer Danny Vroegop. Rabobank is backing it as a limited partner, without being involved in management.

“We are only looking to finance corporates that are on a sustainability transition,” said Vroegop, formerly Rabobank’s global head of ...