Brunel commits to Mirova’s Core Infrastructure Fund II
PRESS RELEASE, 08 April 2019
FOR IMMEDIATE RELEASE
Brunel Pension Partnership (Brunel) is happy to announce a commitment of €50m to Mirova’s CIF2 on behalf of its six Clients that have allocated to the Brunel Infrastructure Portfolio.
“Brunel is pleased to be backing Mirova’s experienced and capable infrastructure team to deliver a diversified portfolio of core mid-market infrastructure in Continental Europe,” says Gillian De Candole, Investment Principal in Brunel’s Private Markets team (pictured left).
“Mirova has a strong reputation for generating attractive returns for investors via sustainable investment and strong ESG processes. This fund is a good fit with our Clients’ return expectations from infrastructure, and also their combined commitment to be responsible, long-term owners of sustainable investments.”
She adds: “The fund is shaping up nicely and is already over 60% invested, providing Brunel with good visibility and immediate exposure to a number of seed assets. These include a district heating network in Norway (powered from renewable energy resources), an ultra-fast broadband network in France, an Italian hospital concession and a number of transport and social infrastructure concessions in Spain. We look forward to an open and productive relationship with Mirova for many years to come.”
A long-term investment philosophy
“We are delighted that Brunel has made a commitment to CIF2 and look forward to developing our partnership,” says Gwénola Chambon, Head of Infrastructure Funds at Mirova (pictured left).
“We believe that our investment philosophy, based on a long-term sustainable approach to core infrastructure assets, fits well with Brunel’s objectives.”
About Mirova
Mirova is an investment manager dedicated to responsible investment. Through a conviction-driven investment approach, Mirova’s goal is to combine value creation over the long term with sustainable development. Mirova are pioneers in many areas of sustainable finance. Their ambition is to keep innovating to propose the best tailored and most impactful solutions to their clients. www.mirova.com/en-UK/
About Brunel Pension Partnership Limited
Brunel Pension Partnership Limited (Brunel) brings together circa £30 billion investments of 10 likeminded Local Government Pension Scheme funds. We believe in making long-term sustainable investments supported by robust and transparent process. We are here to protect the interests of our clients and their members. In collaboration with all our stakeholders we are forging better futures by investing for a world worth living in.
Brunel is one of eight national LGPS pools and manages the investment of the pension assets for the funds of Avon, Buckinghamshire, Cornwall, Devon, Dorset, Environment Agency, Gloucestershire, Oxfordshire, Somerset and Wiltshire.
www.brunelpensionpartnership.org
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