Schroders Capital has appointed former Greencoat Capital accomplice Minal Patel within the newly-created position of world head of infrastructure.
Patel joined Greencoat Capital in 2019 as a accomplice, the place she led the oversight of its non-public institutional funds, the structuring of recent funding alternatives and the widening of investor relationships.
In 2022, Schroders accomplished its majority acquisition of Greencoat Capital, renaming the enterprise Schroders Greencoat. It’s now one of many largest pureplay renewable and power transition infrastructure managers globally with a presence within the UK, Europe, US and Asia.
“Schroders Capital is a worldwide non-public markets participant with vital ambitions to construct out our main place in power transition infrastructure,” mentioned Georg Wunderlin, chief government of Schroders Capital.
“Minal’s appointment displays the robust bench of entrepreneurial expertise we have now inside our enterprise.
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“Beneath Minal’s management, the Schroders Greencoat group will proceed to drive our profitable enlargement into new geographies, most lately into Asia, and power transition subsectors that can ship larger returns alongside new shopper segments reminiscent of outlined contribution and wealth as we’re aiming to change into the go-to renewable infrastructure supervisor within the business.”
Patel has greater than 18 years of renewable power funding expertise throughout a broad vary of applied sciences and challenge lifecycles. Previous to working at Greencoat Capital, she co-led the environmental infrastructure group at Foresight.
Schroders Greencoat lately expanded its product providing to handle the rising demand for power transition funding options, by launching a semi-liquid technique and a long-term asset fund (LTAF) specializing in the power transition.
“I’m happy with the expansion we have now achieved up to now; the 430 renewable belongings owned by funds we handle right now generate sufficient power to energy 3.6 million houses, equal to the demand of New York Metropolis,” mentioned Patel.
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“We discover ourselves in a powerful place as we glance to the yr forward, we have now supportive sector tailwinds, an uptick in returns and optimistic momentum with traders more and more drawn to the renewables and power transition area.
“Traders are actually on the lookout for larger returning investments and we’re nicely positioned to ship for our purchasers. Now we have developed our enterprise to have a look at alternatives throughout the spectrum of improvement, development and operational belongings and progress platforms throughout conventional renewables, in addition to power transition applied sciences.
“This can be a pivotal time to be working in infrastructure and I’m excited to be a part of an amazing group, main within the financing of the power transition.”
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