European Depositary Bank SA, the Luxembourg-headquartered subsidiary of Bermudian-based Apex Group, has financed a revolving credit facility for i(x) Net Zero.

Apex said i(x) Net Zero was a publicly listed investment company that focused on investment in the energy transition and sustainability in the built environment.

The company, which was founded by Pär Lindström, Trevor Neilson and Howard W Buffett in 2015, provides its shareholders with the opportunity to create long-term capital growth with positive, scalable, measurable and sustainable impact on the environment and on the communities it serves.

EDB has provided i(x) Net Zero with financing for a $7.5 million revolving credit facility.

As part of Apex Group, the company said, EDB was supported by a strong global network and is one of the largest providers of depositary services in Europe for regulated UCITS (undertaking for collective investment in transferable securities) and alternative funds with €177 billion assets under depositary and €26 billion assets under custody as of July 31.

Apex Group has provided facility and security agent services to the loan facility. In Apex Group’s role as a provider of services to capital markets, as well as for a wide variety of fund structures and asset classes, the company said, it was committed to enabling flows of capital to ESG compliant investments.

Martin Thoelen, global head of strategic development — financial services at Apex Group, said: “We are pleased to be supporting i(x) Net Zero through both EDB’s financing capabilities as well as Apex Group’s loan agency services. We share i(X) Net Zero’s belief that the biggest challenges facing the world today, can also represent the most significant opportunities to drive positive and sustainable change for both people and planet.”

Pär Lindström, chief executive officer, i(x) Net Zero, added: “We are proud to be supported by EDB, which, as part of Apex Group, has demonstrated a clear commitment to ESG values, which are well aligned with our core business focus of investing in energy transition and sustainability in the built environment.

“We look forward to continuing to work with the experienced Apex Group and EDB teams as we seek to accelerate the growth of our partner companies through the investment of capital and proactive engagement.”