HydrogenOne Capital Growth (HGEN) has announced that its portfolio company, Strohm Holding B.V. (Strohm), has successfully completed a new €30m (£25m) capital raise. Strohm is the world’s first and leading producer of Thermoplastic Composite Pipe (TCP), which can be used across conventional energy, as well as renewable applications, greatly reducing the associated technology risk. Strohm […]
NextEnergy Solar Fund has sold its Whitecross solar plant, completing Phase II of its capital recycling programme and freeing up capital to put to other uses (see below). Highlights: Whitecross, located in Lincolnshire, UK, is a 35.22MW utility-scale solar asset that was developed as part of the company’s self-developed project pipeline and energised late last […]
abrdn New India Investment Trust (ANII) has published its annual results for the year ended 31 March 2024, during which it provided NAV and share price total returns of 27.8% and 27.3% respectively, underperforming its MSCI India Index, which returned 34.4% (all in sterling in total return terms). This performance is a sharp turnaround from […]
JLEN Environmental Assets (JLEN) has announced that it has refinanced a three-year facilities agreement providing for a committed multicurrency revolving credit facility (RCF) of £200m. The facility has an uncommitted accordion facility of up to £30m and an uncommitted option to extend for a further year. Taken together, this provides an additional £30m of funding […]
Baillie Gifford UK Growth Trust (BGUK) has announced its annual results for the year ended 30 April 2024 during which BGUK provided NAV and share price total returns of 0.6% and 0.5% respectively, which it says compares to 7.5% for its benchmark FTSE All-Share Index total return. BGUK’s chair, Carolan Dobson, says that when the […]
Asian Energy Impact (AEIT) has provided an update ahead of its General Meeting later today (Friday 14 June 2024) at which shareholders will be asked to vote on a resolution to wind-up the trust. RUMS project construction update Construction of the 200MW solar project that forms part of the Rewa Ultra Mega Solar Park (the […]
Aurora Investment Trust (ARR) has announced changes to its investment objective and the methodology used to calculate its performance fee. The change in the investment policy stems from a desire by the board to clarify the wording to make it consistent with ARR’s investment policy and dividend policy. ARR’s existing investment objective refers to providing […]
Pantheon International (PIN) has announced that Charlotte Morris has been appointed as co-lead portfolio manager of the trust with immediate effect to work alongside Helen Steers, succeeding Jie Gong in the role. Based in London, Charlotte is an investment partner at Pantheon and actively involved in the firm’s private equity secondaries business. PIN says that […]
Worldwide Healthcare (WWH) has published its annual results for the year ended 31 March 2024, during which it provided NAV and share price total returns of 12.0% and 8.6% respectively, which compare to a return from its MSCI World Health Care benchmark of 10.9% (all in sterling terms). The difference between the performance of the […]
VinaCapital Vietnam Opportunity Fund (VOF) and its manager, VinaCapital Investment Management have announced that Andy Ho, VinaCapital’s Chief Investment Officer, passed away unexpectedly at his home in Ho Chi Minh City on the morning of 6 June. Andy (pictured) had been with VinaCapital for some 17 years, having first joined VinaCapital in 2007. Previously he […]
