LRI Group has partnered with Ventusolar Global Capital GmbH (VCG), a specialist in renewable energy investments, to launch two reserved alternative investment funds (RAIF), with a geographical focus on Canada, the US and Europe.
The first fund Ventusolar Green Energy I invests in direct shareholdings in companies (SPVs) with already operating renewable energy plants and has a target return of 6% per annum.
The second fund Ventusolar Green Development I focuses on shareholdings in project developments of wind farms and photovoltaic (PV) plants with a projected return of 12% per annum.
The funds are currently registered for distribution to financial institutions, pension funds, insurance companies, NPOs and family offices based in Germany.
Sven J. Matten, chief executive officer at Ventusolar Global Capital commented: “Ventusolar Global Capital focuses on the constantly growing world market within the renewable energy sector. We focus on near- and on-shore wind power, large roof top as well as ground mounted photovoltaic assets and large-scale hydro power plants, especially in Canada, but also in the US and Europe.”
VGC maintains a comprehensive investment pipeline, which it continuously analyses, updates and refines. This makes it possible for the two funds, which specialise in buying operational investments and project developments, to secure an adequate number of high-quality, profitable investment projects within a short timeframe.
Michael Sanders, managing director of LRI Invest S.A. said: “Renewable energy has significant growth potential over the comings years. Ventusolar has better offering, backed by a strong investment team, which is appealing to institutional investors.”
“Since the introduction of the RAIF structure in 2016, we have seen increased popularity due to its shorter time frame for time-to-market, and we anticipate that this level of demand is set to continue.”