Senior infra investors plan Amberside Capital glasshouse fund

08 November 2019 - 12:00 am UTC

Amberside Capital, a fund manager set up by former senior infrastructure executives, is set to launch its first infrastructure-branded fund targeting glasshouses across the UK, sources close to the process told Inframation.

The London-headquartered investor, headed by former Barclays Infrastructure Funds Director, David Lomas, and Infrastructure and Renewable Energy Adviser, David Scrivens, are close to launching the first institutional-backed fund in the coming months with a fundraising target of GBP 150m.

The new fund – which will be marketed to LPs as an infrastructure opportunity – will invest in glasshouses growing produce such as tomatoes, lettuces, peppers, and cucumbers, the sources said.

Amberside Capital is being advised on the fundraise by Pareto Capital Advisers, an advisory firm recently formed by former Dalmore Capital Investor Relations Director, Rob Styles.

Last month, UK fund manager Greencoat Capital announced that it had invested GBP 120m to finance two glasshouses in the east of England powered by recycled heat.

Amberside Capital was formed in 2015 as the fund management arm of the Amberside Group, which provides financial advisory and modelling services to the owners of infrastructure assets and technical advisory services in the energy sector.

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