Infrastructure Investing in Europe
Private investment in infrastructure has become increasingly accepted by Western democracies as they grapple with the demands of ageing infrastructure and increased fiscal constraints. At the same time, pension funds and other large institutional investor
Interest in this asset class is growing as investors seek relatively predictable and stable underlying cash flows, as the opportunity set widens and infrastructure markets deepen. Investors are also increasingly aware of the diversification benefits offered by infrastructure when included in an investment portfolio.
Plenum Power Fund (EUR)
The fund invests and trades in energy-related instruments offered by the Nord Pool ASA (the Nordic Power Exchange).
The underlying market traded exhibits high volatility - the ability to forecast weather, follow trends, and be positioned to exploit the same, can generate above average returns.
As Scandinavian weather is the dominant price driver; historically, this market has shown very low correlation with all other asset classes.
Expertise on mezzanine financing
We focus on a niche in the marketplace where we are typically viewed more as an equity alternative than a debt instrument - although our collateral is secured through the recording of a lien on the property and receiving an assignment of all voting rights
Jericho has been in the business of providing real estate financing for 35 years. It has lived through a variety of economic environments, including tight credit, loose credit, overheated real estate markets, depressions, bull and bear stock markets, and inflationary and deflationary environments. This experience provides Jericho with the knowledge and experience in selecting and structuring loans without being susceptible to macro events. All loans that Jericho negotiates are well collateralised, covering us in the event of a major market drop.
The fund of funds will selectively invest in managers globally, that focus on and invest in climate change related issues (clean energy, water management, infrastructure, waste management and recycling, sustainable living).
Thematic participation in sectors that hold promise from an investment perspective over the next 3-5 years.
Financial markets have not yet discounted the reallocation of capital that climate change will trigger.