Global energy infrastructure specialist Victory Hill Capital is planning to raise up to £400m (€443m) for a sustainable energy investment fund via a share placing and stock listing on the London Stock Exchange.
The newly formed London-based firm said it intends to raise the capital for the closed-ended VH Global Sustainable Energy Opportunities (GSEO) vehicle to invest in assets that support the energy transition and are ”aligned with the United Nations’ Sustainable Development Goals”.
GSEO, which plans to float on the stock exchange in February 2021, is expected to generate stable returns, principally in the form of income distributions, and targets a total return on net asset value of 10% per annum once fully invested.
Victory Hill said the fund’s investment adviser is currently in separate deal talks to buy £300m worth of assets.
Anthony Catachanas, CEO of Victory Hill, said: “The energy industry is undergoing a once-in-a-lifetime transformation. We are witnessing an increasingly decentralised approach to energy infrastructure development, and we at Victory Hill are committed to supporting the creation of a more sustainable global energy system.
“In order to do so, we actively participate in the energy transition and support the displacement of pollutive energy sources.”
Bernard Bulkin, chair of GSEO, said: “The energy transition is a global opportunity to grow and transform the massive infrastructure of energy to a new environmental standard, along with enabling improved access for underserved populations.
“This fund is well-positioned to find attractive investments that meet and exceed the energy-related UN Sustainable Development Goals.”
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