Who we are

We focus exclusively on energy transition infrastructure investments and have built deep sector expertise and a strong track record. Today, we are part of specialist asset manager Gresham House.

ABOUT US

Background pattern Background pattern

Our investment strategies

We invest across the broad spectrum of energy transition infrastructure through each of our mid-market strategies while proactively creating, preserving and enhancing value.

  • Equity

    Core+ and value-add strategies focused on investing in assets and platforms which develop, construct, acquire, and operate energy transition infrastructure.

  • Credit

    Bespoke, flexible financing solutions for energy transition project originators, using instruments from senior-secured to junior financing

  • Asia

    Strategy focused on actively de-risking energy transition infrastructure projects in the emerging markets of Southeast Asia

Active investment management based on deep sector expertise

We take a proactive approach to risk management and value creation. Our longstanding experience and singular focus on the energy transition translate into a deep and comprehensive understanding of energy markets and business models.

Key investment themes

We have built a broad track record across the sustainable energy infrastructure spectrum and, as the energy transition progresses, continue to track a wide array of emerging opportunities in this expanding investment universe. The key themes our current investment strategies focus on are:

Producing clean energy

Shifting energy generation towards renewable, low-carbon energy sources is a core element of the energy transition. We focus on investments in solar PV, onshore wind, and other well-established technologies and cover larger, utility-scale plants and mid-sized, distributed assets down to self-consumption installations for commercial and industrial end customers.

Enabling clean energy integration

Ever-increasing shares of renewable energy in the overall supply mix require a comprehensive revamp of how energy is stored, distributed and consumed. Our investments in energy storage and other, often overlooked, smart energy solutions make the energy transition work – for investors, producers, and consumers alike.

Increasing energy efficiency

Increasing the energy efficiency of commercial, industrial, and public infrastructure remains a severely underutilised source of both decarbonisation and investment opportunities. We manage to invest at scale in this crucial segment of the energy transition thanks to a keen understanding of infrastructure-as-a-service business models.

Electrifying energy use

As power grids move towards clean energy sources, many end-use applications across the transport, industry, and buildings sectors can most effectively be decarbonised through a switch to electricity as the primary energy input. Current focus points are electric vehicle charging infrastructure and the decarbonisation of heat.

Key investment criteria

The energy transition presents an immense opportunity for investors with access to specialised sector expertise. As a focused investment manager in this space, we apply a clear set of criteria to our investments:

  • Infrastructure characteristics

    Our strategies are focused on investments with infrastructure characteristics, i.e. they are underpinned by capital-intensive, real assets providing essential energy services. These assets generate long-term, visible cash flows with low correlation to the business cycle and benefit from high downside protection based on high operating margins and inherent capital values.

  • Mid-market

    We invest up to EUR 150 million of client capital per opportunity. Our ability to operate in less saturated market segments with sophisticated investment solutions and specialised expertise provides value to clients and investment partners.

  • Global with focus on Europe

    We focus on investments in Europe as well as the emerging markets of Southeast Asia, with selective exposures in other OECD countries.

  • Active value creation

    We look for investments to which we can apply our longstanding expertise and capital flexibility to proactively manage risks and find relative pockets of value. We work closely with experienced, performance-driven, and like-minded partners to sustainably grow businesses and asset bases, ensuring adherence to best-practice ESG standards, seizing on value creation opportunities, and unlocking synergies with other firms across our partner network.

  • Measurable climate impact

    Our investments measurably avoid greenhouse gas emissions. We apply detailed, technology-specific, and third party-verified methodologies to calculate potential avoided emissions (“PAE”) and report these to our clients on an annual basis.

  • Proven technologies

    We only invest in companies or projects applying proven technologies and do not invest in the development or manufacturing of new technologies.

Background pattern

Our commitment to sustainability

We invest in opportunities that contribute to the energy transition, do so in a responsible manner which systematically addresses environmental, social, and governance ("ESG") matters, and deliver measurable positive outcomes.

LEARN MORE