Assisted Search: Private Credit PC27092024 – Deadline Tuesday 22nd October 2024
A UK Pension consultant is using CAMRADATA to create a buy list for Private Credit strategies with a strong focus on Energy Transition. All funds being proposed must be listed in CAMRADATA Live and returns must be up to date i.e. to 31st June 2024.
Assisted searches are run on behalf of institutional investors with specific search requirements. These are as follows:
| Asset Class: | Private Credit |
| Deadline: | Tuesday 22nd October 2024 |
| Management Approach: | Active |
| Currency & Track Record: | Flexible |
| Performance Target: | IRR in excess of 7% Net |
| Fund Structure: | Pooled, Pooled / Mutual |
| Accepted Legal Fund Structures: | Most institutionally recognised structures (UCITS, SICAV, RAIF, SCSp) acceptable. Closed-ended or open-ended. |
| Size of Potential Mandate: | £10-100m |
| Hard Requirements: | Strong Focus on Energy Transition.At least 70% of the fund must be invested in sectors such as renewable power generation, energy storage, electricity transmission / distribution, demand side (‘behind the meter’) solutions including decarbonisation of industry, heat and transport.The circular economy is also admissible along with associated climate related solutions but should be no more than 30%. We do not consider gas generation, without carbon capture and storage, as an energy transition investment or gas pipelines. Brown to green projects are in scope however as a gas ‘peaker’. We do not include waste, water or digital in our definition of energy transition, so please allocate to the 30% bucket.At Least 80% invested in Developed Markets. Happy to look at specialist managers by geography or sector. |
| Stage: | Buy list |
| Timescale: | Looking to assign a mandate in next 12 months |
Please submit relevant vehicle(s) to assistedsearches@camradata.com