Newham invests in green energy fund

20 Jun 2018

The local authority pension scheme for the London Borough of Newham has invested in German asset manager KGAL’s ESPF 4 green energy fund.

 

Newham has invested along with four other European institutions, who have committed a total of €127m to the green energy fund, which mainly invests in wind-solar and hydro power assets across Europe.

The fund has an equity target of €500m and a hard cap of €600, to date it has £382m in equity commited. It aims to close for further investments by the end of the year.

As of 2016, Newham Pension fund managed £1.1bn on behalf of more of 25,000 members, between 2015 and 2016, the fund received a net investment income of £16m, representing a 19% increase compared to the previous year.

More Articles

Newsletter

Magazine

Subscribe to Our Newsletter

Magazine Subscription

Magazine

Magazine Subscription

We use cookies to improve your experience on this website. For more information, please see our Privacy Policy.