Gresham House’s £500 Million Gresham House British Sustainable Infrastructure Fund II

Carey Olsen, working alongside onshore counsel Brodies, advised Gresham House on the launch of Gresham House British Sustainable Infrastructure Fund II LP (BSIF II).BSIF II, which has secured a £100 million first close and has a target fund size of £500 million, is a continuation to the first BSIF infrastructure fund and seeks to invest in sustainable infrastructure solutions that directly address key environmental and societal challenges.

Managed by Gresham House’s dedicated Sustainable Infrastructure team, it will invest in six target sub-sectors where infrastructure may best deliver financial and social returns, including; decarbonisation, digital inclusion, health and education, regeneration, resource efficiency and waste solutions. The overall investment approach and anticipated outcomes aim to be well aligned to the United Nations’ Sustainable Development Goals.

JTC, a leading international corporate service provider, will provide administration and accounting services to the fund from its Guernsey office.

Gresham House (LON:GHE) is an alternative asset manager with £4.7 billion of assets under management and focuses on five areas of alternativeinvestments – forestry, new energy, housing, sustainable infrastructure, and public and private equity. Clients include public and private pension funds, family offices, high net worth individuals, charities and endowments.

The Carey Olsen team was led by partner Ben Morgan (Picture), assisted by senior associate Alex Mauger, associate Oliver Orton and paralegal Nicholas Branch. 
Involved fees earner: Alex Mauger – Carey Olsen; Ben Morgan – Carey Olsen; Oliver Orton – Carey Olsen; Law Firms: Carey Olsen; Clients: Gresham House DevCo Limited;

Author: Giulia Di Palma