Ecofin Advisors has raised £125m through an IPO for its US renewables offering, taking investment company fundraising to over £1bn for the year.
Ecofin US Renewables Infrastructure Trust (RNEW) secured half the capital it has targeted for the trust, with cornerstone investor Capricorn Investment Group subscribing for 22.5 million shares and Ecofin itself for an additional 7.25 million, taking its stake to 8.5 million shares. Further, it said the non-executive directors of the company had subscribed for 147,481 shares between them. The trust is expected to begin dealing on the London Stock Exchange on 22 December. Recovery, revival and real opportunities: The biggest investment trusts stories of 2020 The company intends t...
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