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Ingenious seeks £160m for Clean Energy Income trust

Ingenious seeks £160m for Clean Energy Income trust

Ingenious Capital Management is seeking to raise £160 million for a Clean Energy Income trust.

The closed–ended fund provides investors with exposure to a portfolio of renewable energy generation assets and energy efficiency projects. The fund aims to provide investors with long-term dividends in line with RPI and will be managed by Ingenious's renewable infrastructure specialist investment team. The dividend is expected to be around 6p.

The fund will invest in operational solar PV (photovoltaic) assets; operational onshore wind assets; and energy efficiency projects.

In an announcement to the stock exchange concerning its intention to IPO the Clean Energy Income fund, Ingenious said aside from seeking to raise £160 million through an offer for subscription of ordinary shares, there was also an option to increase the size of the issue up to £200 million.

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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