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Gresham House records boost in profits despite one of the most challenging years

Image: Gresham House Energy Storage Fund Gresham House – which manages funds including Gresham House Energy Storage Fund – has recorded a net core income of £40.8 million and an adjusted operating profit of £12.1 million. These were up 29% and 17% from 2019 respectively despite chairman Anthony Townsend describing 2020 in the company’s full year results as being “one of the most challenging years we have seen” due to the COVID-19 pandemic affecting global populations and economies “on an unprecedented scale”. Even with the backdrop of the pandemic, Gresham House saw a “busy and productive year”, with its assets under management increasing by 42% to £4.0 billion. When it comes to Gresham House Energy Storage Fund specifically, the fund was praised for the £150 million it raised in the year. It was able to supply 100MW of utility scale battery storage projects from its pipeline, with the proceeds of the fundraising to be used to finance a c.485MW pipelin

Gresham House AUM powers to £4bn on real assets growth

Gresham House AUM powers to £4bn on real assets growth Firm notes strong ‘organic’ growth across housing, forestry, sustainable infrastructure and new energy strategies Gresham House boosted its assets by 42% last year. The asset manager said in its full-year results for 2020 that assets under management hit £4bn at the end of the year, up from £2.8bn in 2019. It said about £1bn of this growth was “organic” as a result of strong fundraising across its real assets business which includes housing, forestry, sustainable infrastructure and new energy strategies. It also grew assets in its strategic equity business after winning a £150m mandate for Strategic Equity Capital, a London-listed investment trust focused on corporate engagement with publicly quoted companies.

Premier Miton Global Renewables Trust Plc - Portfolio Update

Premier Miton Global Renewables Trust Plc - Portfolio Update
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