Zouk capital raises 220m for its second european renewable energy infrastructure fund

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Zouk capital raises 220m for its second european renewable energy infrastructure fund
Zouk Capital LLP yesterday announced the raising of €220 million for its second infrastructure fund, Renewable Energy & Environmental Infrastructure Fund II (REEIF II).The fund is dedicated to financing the construction and operational improvement of infrastructure assets within niche and underinvested markets such as waste-to-energy, geothermal, biomass, storage, energy efficiency and distributed small-scale energy across Europe.The investment strategy aims to generate capital gain returns by bridging the funding gap between developers and long-term final acquirers of infrastructure assets. A range of global institutional investors have made commitments, from public pension funds and sovereign wealth funds to insurance companies, funds of funds, corporates and large family offices. Zouk stopped taking new commitments for the fund on 31 March 2014.
Samer Salty, CEO of Zouk Capital said:
"We are delighted to announce the oversubscribed closing of our second infrastructure fund, REEIF II.  Zouk's infrastructure Partners, Colin Campbell and Erich Becker, offer a genuinely differentiated approach to investing in Europe's renewable energy market, one which the success of our first fund demonstrates by combining high returns, specialist sector expertise and rigorous risk management. Zouk's team is one of few proven to have the skills to capitalise on the renewable energy opportunity and generate strong realised returns."
Colin Campbell commented:
"The fund's investors share our view that combining a range of sectors and project finance discipline is key to a successful investment programme in these fast-changing markets."
Erich Becker added:
"As the renewable energy sector transitions from subsidies into the mainstream energy market, the team's long track records in engineering, power operations, energy trading and renewables position the fund extremely well."
Zouk Capital now has €600 million under management focused on building a cleaner economy with a dual track strategy of Growth Capital and Infrastructure funds.Last week, Aviva Investors completed the acquisition of a UK 11.36MW solar photovoltaic portfolio from Zouk Capital. The assets were owned by Zouk Capital's Zouk Solar Opportunities Ltd (ZSOL) infrastructure fund.
List of country news

Country news

  • September 05, 2014

    Planning approval for children's hospital NPD project in Edinburgh

    The City of Edinburgh Council has approved planning permission for the new Royal Hospital for Sick Children and Department of Clinical Neurosciences. Read more
  • September 12, 2014

    JLIF to raise up to 50m to acquire new projects

    JLIF, the FTSE 250 international PPP infrastructure investment company, announced on 11 September 2014 a placing of up to £50 million (US$81 million) of new ordinary shares.  Read more
  • September 16, 2014

    TDR Capital and Sun Capital to acquire Keepmoat

    Keepmoat has announced that Sun Capital and investment funds managed by TDR Capital LLP have signed an agreement to acquire Lakeside 1 Limited, the holding company of  UK-based housing contractor Keepmoat. . Read more
  • September 17, 2014

    Antin Infrastructure Partners to acquire UK motorway service operator Roadchef

    Antin Infrastructure Partners yesterday announced that it has entered into an agreement to acquire Roadchef. Read more
  • September 17, 2014

    Browne Jacobson adds new senior infrastructure partner from Nabarro

    U.K. Law firm Browne Jacobson has boosted its public sector practice with the hire of senior projects partner Stephen Matthew from Nabarro LLP. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.