London CIV appoints Macquarie for the LCIV Renewable Infrastructure Fund

11 April 2023

Macquarie Asset Management (“Macquarie”) has been appointed as the fifth Investment Manager within the LCIV Renewable Infrastructure Fund (“LRIF”) after it formally closed on its sixth investment on the 31st March this year.

This is a $150m investment into a Macquarie-managed strategy focused on the energy transition, continuing an existing relationship between the London CIV and Macquarie that began in 2019 with the LCIV Infrastructure Fund and its investment into a previous Macquarie-managed strategy.

Macquarie is the largest infrastructure manager in the world and with the recent integration of the Green Investment Group, they are well placed to invest into and manage infrastructure at the centre of energy transition systems.

Gillian Evans, a Managing Director at Macquarie said: ‘We are delighted to partner with London CIV for the LCIV Renewable Infrastructure Fund. This marks the first investment by LRIF into a pure play energy transition strategy, supporting technologies beyond traditional wind and solar generation that will be needed to achieve net-zero targets such as energy storage, hydrogen and renewable fuels, clean transportation, carbon capture utilisation and storage, and the circular economy.”

Dean Bowden, CEO of London CIV said: “As I come to the end of my first full quarter at London CIV, I have repeatedly said that we are here to listen to what our Client Funds are asking us for and one of the key things they want is for us to appoint outstanding Asset Managers to manage our growing list of funds. Macquarie is one such Asset Manager so personally I am really pleased to have them on board. We are at the start of a change of journey within London CIV and now we must show we can deliver it.

“I was equally pleased to announce last month another step in London CIV delivering increased value, with the roll out of our climate reporting service at no additional cost to all our Clients. I want this to be a catalyst for discussion and debate that ultimately leads to London CIV meeting its net zero and climate ambitions. As we go through my next quarter, I will be able to provide further updates on the work we are undertaking to evolve the business accordingly.”

Source: London CIV