
Zak Bentley
The acquisition of Glennmont Partners this week by Nuveen is the sort of deal we should expect more of in the coming years.
The deal, alongside BAE and Willis Towers Watson pension schemes, is the result of 18 months preparatory work, according to Greencoat’s Laurence Fumagalli.
The duo are offering a rival bid to the one led by Veolia, which had been preparing a takeover supported by Meridiam.
The manager expects to close the UK government-backed fund this quarter after receiving commitments from Willis Towers Watson and Morgan Stanley.
The firm is understood to be in pre-marketing for the two vehicles, having launched its last European fund in 2016 and its Africa fund in 2015.
The firm will also look to use the proceeds to continue to buy other GPs in the infrastructure and private equity space, chairman Bernard Fairman told us.
Renewables have been one of the success stories of 2020, although investors should be warned that risks remain.
The strategy is designed to target some of the smaller investors entering and increasing their activity in the sector, Amundi’s Guy Lodewyckx tells Infrastructure Investor.
Long-awaited and finally released, there are significant opportunities and warning signs for investors to be aware of.
The new platform will be led by former GE Capital MD Bob Psaradellis, while ex-Green Investment Bank CEO Shaun Kingsbury joins as chairman.