Zak Bentley
Zak Bentley is a senior reporter at Infrastructure Investor based in London. Zak joined Infrastructure Investor in 2016 from Centaur where he was a reporter at their Clean Energy Pipeline title.
He has a detailed knowledge and experience of the financial and regulatory aspects of the global renewable energy market, as well as the wider infrastructure market.
Zak has a degree in English and History from the University of Birmingham.
The investment in a 5GW UK renewables portfolio is a first of its kind for MIDIS and it “definitely sees this as the first of more to come”, Tom van Rijsewijk tells Infrastructure Investor.
The fund, launched by the founders of Equitix, is seeking at least £200m which will also look to invest in renewable energy equity and debt.
The German manager intends to keep its third instalment at a similar size as it seeks to maintain its current strategy.
The French manager is already targeting the launch of its fifth instalment this year, with the fund 65% invested.
The fund, which could reach $1bn, will feature a $100m first-loss tranche from government institutions. It will invest in low-carbon assets, with at least 25% invested in Africa.
The first close figure is the largest amount Omnes has ever raised for renewables, with its previous fund having closed on €245m.
The UK’s Civil Aviation Authority is examining the move, which could see the site, part-owned by IFM, become the country’s third regulated airport.
The strong returns were slightly offset by a fall in the fourth quarter, as interest rates began to rise.
Investors are also demanding better reporting from managers if they are to proceed with their ESG targets.
The UK government’s ‘infrastructure revolution’ could come with a change to how Treasury assesses projects’ value for money. That would help explain why the private sector’s role in it appears limited.
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