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Gravis launches Clean Energy Income Fund

Specialist investment advisory firm Gravis Advisory Limited is to launch the VT Gravis Clean Energy Income Fund on Friday 1 December.

Gravis anticipates the Fund will provide investors with an attractive and regular income stream expected to deliver a yield of 4.5 per cent per annum from launch, paid quarterly and net of charges which are capped at 0.8 per cent. The Fund will also seek to preserve and grow capital over time by investing in a diversified portfolio of listed securities whose operations are linked to the theme of clean energy generation.
The core holdings of the Fund will be in closed-ended investment companies and yield companies which own operational clean energy assets, listed globally, and which deliver attractive, dependable cash flows to support dividend distributions to investors.
Around this core, the Fund will own satellite positions in the equity (and potentially debt) of companies whose primary operational activities are directly linked to the clean energy theme. This will encompass a variety of related businesses providing scope for capital growth and exposure to attractive sub-themes involved in greener and more efficient energy such as large scale battery storage and pollution reduction.
William Argent of Gravis, and fund adviser to the VT Gravis Clean Energy Income Fund, says: “Supported by government initiatives, improved technology and a shift in social awareness of climate change and sustainability, clean energy has evolved to become a huge, reliable and dependable industry since the turn of the decade and now forms an important component of the global energy generation mix today.”
Stephen Ellis, Chairman of Gravis Capital Management Limited, commenting on the new Fund observed: “We are delighted to be launching this Fund. Gravis has invested over GBP500 million in renewable energy projects over the last five years and understands the sector well. Our aim is to deliver dependable returns for our investors, and this Fund is a perfect marriage of our expertise and the requirements of our investors.”
The Fund will have a two-week initial offer period opening today, 20 November 2017, with a GBP1 per share launch price, and dealing will commence on Friday 1 December. The Fund has a minimum investment of GBP100 and the annual management charges of 0.8 per cent per annum will be capped and taken from income.

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