Sustainable Investment Manager Downing srl has created a new bespoke investment vehicle for UK charity, the Human Capability Foundation (HCF), to invest in renewable energy assets (please see attached press release).
Over the past 12 years, Downing’s Energy and Infrastructure team has completed over 175 renewable energy transactions and currently manages a portfolio valued at £785m. The team will use its experience and expertise to acquire and manage a renewable energy portfolio for HCF that will benefit from predictable long-term revenue streams. The investment vehicle can also provide a regular, inflation-linked return that can be used to support HCF’s ongoing charitable goals.
Certified B Corp, Downing has worked closely with HCF to adapt the mandate of this new investment vehicle, which will also have an intrinsic and positive environmental, social and governance (ESG) impact. These assets are expected to include baseload renewables operating in the UK, which have a long track record and, in some cases, receive government-backed, inflation-linked subsidies.
Downing plans to launch similar investment vehicles for other charities, foundations and endowments, which can invest alone or alongside other registered charities in the UK, where trustees seek to allocate a portion of their charity’s funds to renewable energy assets that can provide stability, attractive long-term financial returns, and which can also bring broader environmental benefits to society.