Investment services company LRI Group has partnered with renewable energy investment specialist Ventusolar Global Capital (VCH) to launch two reserved alternative investment funds (RAIFs).
The funds focus on Canada, the US and Europe.
The first fund, Ventusolar Green Energy I, invests in direct shareholdings in companies with already operating renewable energy plants and has a target return of 6% per annum.
The second fund, Ventusolar Green Development I, focuses on shareholdings in project developments of wind farms and photovoltaic plants with a projected return of 12% per annum.
Michael Sanders, managing director of LRI Invest, said: “Renewable energy has significant growth potential over the comings years.
“Since the introduction of the RAIF structure in 2016, we have seen increased popularity due to its shorter time frame for time-to-market, and we anticipate that this level of demand is set to continue.”
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