Schroders Greencoat to launch renewables long-term asset fund

Investment manager Schroders Capital on Thursday said it has received regulatory approval to launch the UK’s first long-term asset fund (LTAF) dedicated to renewables and the energy transition.

LTAFs are a new type of fund for the UK. Schroders Capital recently launched the first such fund in the country, Schroders Capital Climate+ LTAF.

The newly approved LTAF will focus on renewable energy and energy transition-related infrastructure investments. It will be managed by Schroders Greencoat, previously Greencoat Capital LLP.

The LTAFs offer greater access to private assets, especially for the UK defined contribution (DC) market.

Richard Nourse, managing partner at Schroders Greencoat, said that the company pioneered the renewable energy infrastructure investment trust market with the 2013 launch of Greencoat UK Wind PLC, which is now a GBP-3.6-billion (USD 4.5bn/EUR 4.1n) entity.

“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,” added Richard Nourse.

(GBP 1 = USD 1.258/EUR 1.136)

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