- Sequoia Economic Infrastructure Income Fund (SEQI) provided a monthly update for April. The company’s NAV grew 1.5% over the course of the month. The company also added an additional purchase of Samhällsbyggnadsbolaget (SBB) 2027 senior corporate bonds for €5.0m (SBB is a social infrastructure property company listed on the Nasdaq Stockholm (Large Cap) and the yield-to-maturity is approximately 10.8%); an additional loan for PLN 10.5m (equivalent to £2.0m) to Green Genius to finance the construction of solar PV projects in Poland; and an additional senior loan for £1.0m to Clyde Street, a hotel construction project in Scotland.
- Greencoat Renewables (GRP) announced it has completed the acquisition of the 37.8MW Cloghan Wind Farm, located in County Offaly, Ireland. Cloghan was acquired in December 2020 under a forward sale commitment from Statkraft, which managed the construction of the wind farm and will continue to provide trading and operational management services. The wind farm benefits from a 15-year fixed price contract, secured under the RESS 1 auction, until 2037.
We also have updates from VietNam Holding, abrdn Private Equity Opportunities and annual results from Scottish Mortgage