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Alternative Market Briefing

Greencoat Capital rakes in $358m for green energy fund

Thursday, February 20, 2020

Laxman Pai, Opalesque Asia:

Infra investor Greencoat Capital has raked in £277m ($358m) of capital commitments for its new Greencoat Renewable Income (GRI) fund.

Brunel Pension Partnership, Bristol, England, and the Superannuation Arrangements of the University of London, known as SAUL, jointly committed to the closed-end private markets fund.

The £3.8 billion SAUL invested £150 million in the fund that invests in U.K. renewable infrastructure assets, focusing on solar energy, wind energy and bioenergy.

The £30 billion Brunel partnership, which is a pool of local authority pension funds, committed £127 million to the GRI fund.

According to Greencoat Capital GRI offers institutional investors the opportunity to invest, through one vehicle, in a "diversified portfolio" of UK renewable infrastructure assets delivering "predictable" sterling cashflows with inflation protection.

Greencoat Capital is one of the largest specialist investment managers in Europe, with around £5bn under management across a range of private and publicly listed funds and a track record of delivering predictable returns through strategies in the wind, solar, and bioenergy, the company claimed in a press note.

Tatiana Zervos, Portfolio Manager for GRI at Greencoat Capital, said: "We are delighted with the positive market response to our new fund. It gives institutional investors access to a diversified portfolio of renewable infrastructure, through one vehicle, benefitting from a "who......................

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