Schroders Capital has been granted regulatory approval by the UK’s Financial Conduct Authority to launch a Long-Term Asset Fund (LTAF) dedicated to renewable energy.
The newly authorized fund will be managed by Schroders Greencoat, which specializes in renewable energy investments.
The Schroders Greencoat LTAF is the first of its kind to be authorized in the UK, with a specific investment mandate focused solely on renewable energy and energy transition-aligned infrastructure.
This announcement comes after the recent launch of Schroders Capital Climate+ LTAF, which was the first LTAF in the UK.
LTAFs are open-ended investment vehicles that are regulated and designed to allow a wider range of investors with longer-term horizons to invest efficiently in illiquid and private assets.
Managing Partner and Schroders Greencoat, Richard Nourse, said “In March 2013, Schroders Greencoat pioneered the renewable energy infrastructure investment trust market with the launch of Greencoat UK Wind PLC, still the sector leader and now a £3.6bn company on the edge of the FTSE 100.”
“Today, with increased focus on the DC pension market, we are again pioneering innovative ways to make investment into renewable energy and other energy transition related infrastructure accessible to as wide a range of investors as possible.”
“With the imminent launch of the Schroders Greencoat LTAF we look forward to being able to offer DC investors the opportunity to make attractive and impactful long-term investments into the energy transition.”
Private Markets Group, Schroders Greencoat, Duncan Hale, said “For too long DC pension scheme members have had their noses pressed up against the glass, looking in at other types of investors enjoying the benefits that come from investing in illiquid assets.”
“We are excited about the ability to offer access to renewable energy and energy transition related infrastructure assets to DC members widely, not only due to the attractive risk and return metrics they provide but also their ability to reflect members’ sustainability requirements.”
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