UK Infrastructure Bank to move away from investing through fund managers - reports

Chief executive has come under pressure

The UK Infrastructure Bank is working to pivot away from investing through fund managers and is working instead to make its own direct equity investments.

The bank, which just surpassed its one year anniversary, has previously come under criticism for investing £100m in the Octopus Sustainable Infrastructure fund and £250m in NextEnergy Capital's solar fund. Last month, Lord Aamer Sarfraz, the prime minister's trade envoy to Singapore, said that while he was sure the bank could play a "valuable role", it should be doing "the difficult direct deals" rather than "outsource their responsibilities to third party fund managers, as once you invest in a fund you have very little influence over it". "The point of the bank is to address a market...