Downing LLP creates new investment vehicle for UK charity to invest in renewable energy

10/10/22
5 min
Renewable energy
News

Sustainable investment manager Downing LLP has created a new, bespoke investment vehicle for the UK charity, the Human Capability Foundation (HCF), to invest into renewable energy assets.  

Over the past 12 years, Downing’s Energy and Infrastructure team has completed more than 175 renewable energy transactions and currently manages a portfolio valued at £785 million. The team will utilise its experience and expertise to acquire and manage a renewable energy portfolio for HCF that will benefit from long-term predictable revenue streams. The investment vehicle can also provide a regular and inflation-linked return that can be used to support HCF’s ongoing charitable purposes.

A Certified B Corp, Downing has worked closely with HCF to tailor the mandate of this new investment vehicle, which will also have an inherent, positive environmental, social and governance (ESG) impact. These assets are expected to include operational core renewables in the UK, which have longstanding track records and, in certain cases, receive government-backed and inflation-linked subsidies.

Downing plans to launch similar investment vehicles for additional charities, foundations and endowments, that can invest on their own or alongside other UK registered charities, where trustees are seeking to allocate a proportion of their charity’s funds to renewable energy assets that can deliver stable, attractive financial returns over the long-term and which can also bring broader environmental benefits to society.

Luke Pagarani, Trustee, HCF said: “Having built our relationship with Downing over a number of years, we are delighted to establish this renewable energy-focused investment vehicle with them.  

“We selected Downing as the investment manager for this vehicle because of their expertise in sourcing and making new renewable energy investments. We also valued the quality of its in-house energy asset management team, which is responsible for the operational management of renewable energy assets across their wider portfolio.  

“We are looking forward to building the portfolio with them in the years ahead.”

Tom Williams, Partner and Head of Energy and Infrastructure, Downing LLP said: “HCF does excellent work supporting issues such as women’s education and empowerment, mental health and disability rights, youth education and labour migration. As a sustainable investment manager, partnering with charities links directly with our focus on ESG.  

“We are excited to have created this new vehicle with HCF and are committed to investing the charity’s funds into renewable energy assets that bring a dual benefit: providing an income that HCF can use to fund its ongoing work, and supporting the UK on its journey to net zero.”

Click here to find out more about our charities offering.

Contents
See full contents

Sustainable investment manager Downing LLP has created a new, bespoke investment vehicle for the UK charity, the Human Capability Foundation (HCF), to invest into renewable energy assets.  

Over the past 12 years, Downing’s Energy and Infrastructure team has completed more than 175 renewable energy transactions and currently manages a portfolio valued at £785 million. The team will utilise its experience and expertise to acquire and manage a renewable energy portfolio for HCF that will benefit from long-term predictable revenue streams. The investment vehicle can also provide a regular and inflation-linked return that can be used to support HCF’s ongoing charitable purposes.

A Certified B Corp, Downing has worked closely with HCF to tailor the mandate of this new investment vehicle, which will also have an inherent, positive environmental, social and governance (ESG) impact. These assets are expected to include operational core renewables in the UK, which have longstanding track records and, in certain cases, receive government-backed and inflation-linked subsidies.

Downing plans to launch similar investment vehicles for additional charities, foundations and endowments, that can invest on their own or alongside other UK registered charities, where trustees are seeking to allocate a proportion of their charity’s funds to renewable energy assets that can deliver stable, attractive financial returns over the long-term and which can also bring broader environmental benefits to society.

Luke Pagarani, Trustee, HCF said: “Having built our relationship with Downing over a number of years, we are delighted to establish this renewable energy-focused investment vehicle with them.  

“We selected Downing as the investment manager for this vehicle because of their expertise in sourcing and making new renewable energy investments. We also valued the quality of its in-house energy asset management team, which is responsible for the operational management of renewable energy assets across their wider portfolio.  

“We are looking forward to building the portfolio with them in the years ahead.”

Tom Williams, Partner and Head of Energy and Infrastructure, Downing LLP said: “HCF does excellent work supporting issues such as women’s education and empowerment, mental health and disability rights, youth education and labour migration. As a sustainable investment manager, partnering with charities links directly with our focus on ESG.  

“We are excited to have created this new vehicle with HCF and are committed to investing the charity’s funds into renewable energy assets that bring a dual benefit: providing an income that HCF can use to fund its ongoing work, and supporting the UK on its journey to net zero.”

Click here to find out more about our charities offering.

We are delighted to announce that Mark Gross, Partner and Head of Development Capital, has been named Equity Investor of the year at the HealthInvestor Power List 2024 Awards.

Following Mark’s achievement last year when he won the “Leading Investor” award at HealthInvestor’s Power50, this year’s win further highlights his continued success and expertise in investing across the healthcare sector. 

The judges praised Mark for finding success both in value and volume this year, delivering good returns and growth. They were impressed by how Mark has continued to strengthen a strong track record with further growth in the team and new funds securing further backing. We extend our thanks to Mark and the Downing Development Capital team for their continued dedication and support in expanding our healthcare investment activities with a focus on quality, performance and reputation. 

Congratulations Mark!

Development Capital  

Downing Development Capital is an award-winning investor focused on investment opportunities into asset-backed operating businesses with downside protection. Typical sectors they invest in include healthcare, specialist education, hospitality, leisure and IT infrastructure.

Learn more about our Development Capital team

Sustainable investment manager Downing LLP has created a new, bespoke investment vehicle for the UK charity, the Human Capability Foundation (HCF), to invest into renewable energy assets.  

Over the past 12 years, Downing’s Energy and Infrastructure team has completed more than 175 renewable energy transactions and currently manages a portfolio valued at £785 million. The team will utilise its experience and expertise to acquire and manage a renewable energy portfolio for HCF that will benefit from long-term predictable revenue streams. The investment vehicle can also provide a regular and inflation-linked return that can be used to support HCF’s ongoing charitable purposes.

A Certified B Corp, Downing has worked closely with HCF to tailor the mandate of this new investment vehicle, which will also have an inherent, positive environmental, social and governance (ESG) impact. These assets are expected to include operational core renewables in the UK, which have longstanding track records and, in certain cases, receive government-backed and inflation-linked subsidies.

Downing plans to launch similar investment vehicles for additional charities, foundations and endowments, that can invest on their own or alongside other UK registered charities, where trustees are seeking to allocate a proportion of their charity’s funds to renewable energy assets that can deliver stable, attractive financial returns over the long-term and which can also bring broader environmental benefits to society.

Luke Pagarani, Trustee, HCF said: “Having built our relationship with Downing over a number of years, we are delighted to establish this renewable energy-focused investment vehicle with them.  

“We selected Downing as the investment manager for this vehicle because of their expertise in sourcing and making new renewable energy investments. We also valued the quality of its in-house energy asset management team, which is responsible for the operational management of renewable energy assets across their wider portfolio.  

“We are looking forward to building the portfolio with them in the years ahead.”

Tom Williams, Partner and Head of Energy and Infrastructure, Downing LLP said: “HCF does excellent work supporting issues such as women’s education and empowerment, mental health and disability rights, youth education and labour migration. As a sustainable investment manager, partnering with charities links directly with our focus on ESG.  

“We are excited to have created this new vehicle with HCF and are committed to investing the charity’s funds into renewable energy assets that bring a dual benefit: providing an income that HCF can use to fund its ongoing work, and supporting the UK on its journey to net zero.”

Click here to find out more about our charities offering.

Basking in the sun: nine solar policy essentials
Learn more

Torsten Mack, Investment Director at Downing, said:

"We are proud to support this exceptional management team, whose strong track record positions them well to build a new business in dementia care. This needs-based sector is underpinned by a lack of quality supply and we are investing in Fortava Healthcare to set and deliver high standards, and to help make a difference."

Johann van Zyl, CEO at Fortava, added:

"I’m thrilled to be working with Jamie, as we share the same values. We plan to grow Fortava into a leading provider of dementia care over the next five to seven years. But growth isn’t our primary focus—our goal is to deliver outstanding care and foster a joyful, supportive environment for both residents and staff. We’re delighted to be partnering with Downing who also share our values and we look forward to this journey with them."

Jamie Stuart, CFO at Fortava, commented:

“For me, it's about being more than just another care home provider. While dementia care in the UK is generally of a good standard, we want to set ourselves apart with a fresh approach. That’s why, after over 25 years in banking, I chose to partner with Johann and Downing on this venture.”

Sustainable investment manager Downing LLP has created a new, bespoke investment vehicle for the UK charity, the Human Capability Foundation (HCF), to invest into renewable energy assets.  

Over the past 12 years, Downing’s Energy and Infrastructure team has completed more than 175 renewable energy transactions and currently manages a portfolio valued at £785 million. The team will utilise its experience and expertise to acquire and manage a renewable energy portfolio for HCF that will benefit from long-term predictable revenue streams. The investment vehicle can also provide a regular and inflation-linked return that can be used to support HCF’s ongoing charitable purposes.

A Certified B Corp, Downing has worked closely with HCF to tailor the mandate of this new investment vehicle, which will also have an inherent, positive environmental, social and governance (ESG) impact. These assets are expected to include operational core renewables in the UK, which have longstanding track records and, in certain cases, receive government-backed and inflation-linked subsidies.

Downing plans to launch similar investment vehicles for additional charities, foundations and endowments, that can invest on their own or alongside other UK registered charities, where trustees are seeking to allocate a proportion of their charity’s funds to renewable energy assets that can deliver stable, attractive financial returns over the long-term and which can also bring broader environmental benefits to society.

Luke Pagarani, Trustee, HCF said: “Having built our relationship with Downing over a number of years, we are delighted to establish this renewable energy-focused investment vehicle with them.  

“We selected Downing as the investment manager for this vehicle because of their expertise in sourcing and making new renewable energy investments. We also valued the quality of its in-house energy asset management team, which is responsible for the operational management of renewable energy assets across their wider portfolio.  

“We are looking forward to building the portfolio with them in the years ahead.”

Tom Williams, Partner and Head of Energy and Infrastructure, Downing LLP said: “HCF does excellent work supporting issues such as women’s education and empowerment, mental health and disability rights, youth education and labour migration. As a sustainable investment manager, partnering with charities links directly with our focus on ESG.  

“We are excited to have created this new vehicle with HCF and are committed to investing the charity’s funds into renewable energy assets that bring a dual benefit: providing an income that HCF can use to fund its ongoing work, and supporting the UK on its journey to net zero.”

Click here to find out more about our charities offering.

Please fill out the form to download the full report

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Sign up to stay up to date with the latest insights and investment opportunities
Learn more

Downing LLP does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Investments offered on this website carry a higher risk than many other types of investment and prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 545025). Registered in England No. OC341575. Registered Office: Downing, 10 Lower Thames Street, London, EC3R 6AF.

VAT Number: 112 940 149