Downing LLP makes senior appointment to its Energy & Infrastructure team

12/5/23
5 min
Renewable energy
News

Sustainable investment manager Downing LLP has appointed Karl Smith as a partner in its Energy & Infrastructure team.

Karl joins Downing from Macquarie Asset Management where he was a Managing Director and led a team focused on a dedicated renewable energy fund and broader energy transition activities in Europe. Karl will work closely with Tom Williams, the head of Downing’s Energy & Infrastructure team, to accelerate the continuing expansion of the business.

Karl has over 23 years’ experience in infrastructure investment and a strong track record of completing deals and successful fundraisings across a wide range of infrastructure and energy sectors on multiple continents. He has extensive experience in acquiring, developing, and managing growth businesses and associated greenfield and brownfield assets.  

Downing’s Energy & Infrastructure team has been investing in the clean energy transition for over a decade and has made more than 180 investments in the solar, wind, hydropower, battery storage and flexible generation sectors in the UK and Europe during that time. The team of c.60 people supports projects at all stages of their development from pre-construction through to mature operations, and has proven experience in managing complex contractual, technical and legal considerations within renewable energy infrastructure investment.

Tom Williams, Partner, Head of Energy & Infrastructure, Downing LLP said: “Karl brings over two decades of experience in infrastructure investment to our team and joins us after successfully building a dedicated renewables business over the past 10 years. He is a superb addition to our partnership and his appointment underscores the strength of our ambitions for our team.”

Karl Smith said: “I am thrilled to be joining Downing as the partnership continues to grow from strength to strength, expanding its footprint as a leading investor in the energy transition space.”

Find out more about our infrastructure asset management team.

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Sustainable investment manager Downing LLP has appointed Karl Smith as a partner in its Energy & Infrastructure team.

Karl joins Downing from Macquarie Asset Management where he was a Managing Director and led a team focused on a dedicated renewable energy fund and broader energy transition activities in Europe. Karl will work closely with Tom Williams, the head of Downing’s Energy & Infrastructure team, to accelerate the continuing expansion of the business.

Karl has over 23 years’ experience in infrastructure investment and a strong track record of completing deals and successful fundraisings across a wide range of infrastructure and energy sectors on multiple continents. He has extensive experience in acquiring, developing, and managing growth businesses and associated greenfield and brownfield assets.  

Downing’s Energy & Infrastructure team has been investing in the clean energy transition for over a decade and has made more than 180 investments in the solar, wind, hydropower, battery storage and flexible generation sectors in the UK and Europe during that time. The team of c.60 people supports projects at all stages of their development from pre-construction through to mature operations, and has proven experience in managing complex contractual, technical and legal considerations within renewable energy infrastructure investment.

Tom Williams, Partner, Head of Energy & Infrastructure, Downing LLP said: “Karl brings over two decades of experience in infrastructure investment to our team and joins us after successfully building a dedicated renewables business over the past 10 years. He is a superb addition to our partnership and his appointment underscores the strength of our ambitions for our team.”

Karl Smith said: “I am thrilled to be joining Downing as the partnership continues to grow from strength to strength, expanding its footprint as a leading investor in the energy transition space.”

Find out more about our infrastructure asset management team.

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 appointed Karl Smith as a partner in its Energy & Infrastructure team.

Karl joins Downing from Macquarie Asset Management where he was a Managing Director and led a team focused on a dedicated renewable energy fund and broader energy transition activities in Europe. Karl will work closely with Tom Williams, the head of Downing’s Energy & Infrastructure team, to accelerate the continuing expansion of the business.

Karl has over 23 years’ experience in infrastructure investment and a strong track record of completing deals and successful fundraisings across a wide range of infrastructure and energy sectors on multiple continents. He has extensive experience in acquiring, developing, and managing growth businesses and associated greenfield and brownfield assets.  

Downing’s Energy & Infrastructure team has been investing in the clean energy transition for over a decade and has made more than 180 investments in the solar, wind, hydropower, battery storage and flexible generation sectors in the UK and Europe during that time. The team of c.60 people supports projects at all stages of their development from pre-construction through to mature operations, and has proven experience in managing complex contractual, technical and legal considerations within renewable energy infrastructure investment.

Tom Williams, Partner, Head of Energy & Infrastructure, Downing LLP said: “Karl brings over two decades of experience in infrastructure investment to our team and joins us after successfully building a dedicated renewables business over the past 10 years. He is a superb addition to our partnership and his appointment underscores the strength of our ambitions for our team.”

Karl Smith said: “I am thrilled to be joining Downing as the partnership continues to grow from strength to strength, expanding its footprint as a leading investor in the energy transition space.”

Find out more about our infrastructure asset management team.

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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 appointed Karl Smith as a partner in its Energy & Infrastructure team.

Karl joins Downing from Macquarie Asset Management where he was a Managing Director and led a team focused on a dedicated renewable energy fund and broader energy transition activities in Europe. Karl will work closely with Tom Williams, the head of Downing’s Energy & Infrastructure team, to accelerate the continuing expansion of the business.

Karl has over 23 years’ experience in infrastructure investment and a strong track record of completing deals and successful fundraisings across a wide range of infrastructure and energy sectors on multiple continents. He has extensive experience in acquiring, developing, and managing growth businesses and associated greenfield and brownfield assets.  

Downing’s Energy & Infrastructure team has been investing in the clean energy transition for over a decade and has made more than 180 investments in the solar, wind, hydropower, battery storage and flexible generation sectors in the UK and Europe during that time. The team of c.60 people supports projects at all stages of their development from pre-construction through to mature operations, and has proven experience in managing complex contractual, technical and legal considerations within renewable energy infrastructure investment.

Tom Williams, Partner, Head of Energy & Infrastructure, Downing LLP said: “Karl brings over two decades of experience in infrastructure investment to our team and joins us after successfully building a dedicated renewables business over the past 10 years. He is a superb addition to our partnership and his appointment underscores the strength of our ambitions for our team.”

Karl Smith said: “I am thrilled to be joining Downing as the partnership continues to grow from strength to strength, expanding its footprint as a leading investor in the energy transition space.”

Find out more about our infrastructure asset management team.

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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.

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