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What's New In Investments, Funds? - LGIM, Victory Hill

Editorial Staff

13 November 2020

LGIM
intends to float a closed-end investment company, VH Global Sustainable Energy Opportunities, on the London Stock Exchange in January 2021.

The entity will invest in a globally diversified portfolio of sustainable energy infrastructure investments that support the energy transition and are aligned with the United Nations’ Sustainable Development Goals, London-based Victory Hill said.

The portfolio will be diversified across different proven technologies and across geographies to reduce underlying risks, it said. 

The listed fund aims to generate stable returns, principally in the form of income distributions, and targets a total return on net asset value of 10 per cent per annum once fully invested. GSEO aims to raise up to £400 million ($528 million) in the initial placing.

Victory Hill, founded in May 2020, has been set up by a team of energy financiers which previously worked for Mizuho Bank, a large project finance banking group. Numis Securities Limited is acting as sponsor and sole bookrunner in relation to the IPO.