The manager’s maiden fund returned 2.1x capital and generated an 11.4% IRR on exit. Co-founders Ed Clarke and Martin Lennon talk us through the process and describe what’s changed in the market since its launch.
A clean energy specialist and a venture capitalist have created a business that is deploying an ‘infrastructure-as-a-service’ strategy similar to that which made residential solar a huge success.
Technology has enabled investors to learn more about how infrastructure assets work than ever before – and they’re taking advantage of this insight in different ways.
While no one can dispute that infrastructure, as an asset class, has arrived, the labels used to segment the market – as well as the strategies they symbolise – can spark some passionate debate.
Current commitments stand at around €110m after a second close in the summer – this followed a €66 million first close at the end of March. The Swiss vehicle has also secured its second investment, deploying C$120m into energy storage sites in Canada.
Sean Klimczak said that, while the Trump administration has made progress on regulatory reform, a legislative fix has stalled and the country should look to Australia for inspiration.