Schroders completes acquisition of majority stake in Greencoat

Schroders has completed the acquisition of a 75 per cent shareholding in investment management firm, Greencoat Capital.

Greencoat will become part of Schroders’ private markets division, Schroders Capital, and the business will now be known as Schroders Greencoat.

Schroders first announced its intention to acquire a majority stake in Greencoat in December 2021.

The firm described Schroders Greencoat as a “leading player in its field” and as a “pioneers” of large-scale renewable energy infrastructure investing.

The business has delivered assets under management growth of 48 per cent per annum over the past four years and currently manages £6.8bn on behalf of its clients.

It also stated that Schroders Greencoat has the ambition to be a “global leader” in the sector.

“As governments around the world look to accelerate towards net-zero goals, providing capital for the energy transition will become ever more important,” said Schroders Group CEO, Peter Harrison.

“In the UK, pension schemes are increasingly focused on their net-zero investment obligations following recent regulatory requirements for UK schemes to publish their climate risk disclosures by the end of 2022.

“The completion of the Greencoat Capital transaction expands our offering in an area of high client demand. Institutional investors in the UK and globally are looking for renewable infrastructure investments which provide, long-dated, inflation-linked returns.”

Greencoat founder, Richard Nourse, added: “We are delighted to have found a partner in Schroders that shares our mission to build a global leader in renewables.

“Combining Greencoat’s leading renewable investment expertise with Schroders’ global distribution network will enable clients to capitalise on the unrivalled opportunity that our sector represents, a trillion dollar investable universe and the chance to support meaningfully the global transition to net zero.”

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