News Article

The Carbon Trust Investments Clean Energy Fund will launch in the autumn and have an independent board, chaired by Lord Turner, former Chairman of the UK Pensions Commission, and advised by CT Investment Partners LLP. It will seek to raise up to £75m through an institutional placing. Altium has been retained as financial adviser to the fund.

The new fund will invest in sectors which will capture value through the transition to a low carbon economy, including renewables, solar generation, fuel cells, bio fuels and synthetic fuels. It is the first vehicle with this technology focus offering institutional investors a diversified portfolio of private companies operating in these sectors.

The fund will be managed by an independent board but draw on the Carbon Trust for investment opportunities from its own incubator and seed investments as well as benefit from its extensive knowledge, networking in the sector and technical expertise. Investments will also be sourced elsewhere. The fund will be a Jersey-based investment company and regulated by the Jersey FSA. Investments will be made primarily in the UK and also overseas