Northern Trust Selected by Osmosis Investment Management to Support Fossil Fuel Free Common Contractual Fund
Northern Trust today announced it has been selected by
Osmosis Investment Management (Osmosis) to provide fund administration, global custody and depositary services for the Osmosis Resource Efficient Core Equity (ex-fossil fuels) Fund in a Collective Investment in Transferable Securities (UCITS) Common Contractual Fund (CCF).
The strategy, which Osmosis developed amid growing investor appetite to remove carbon risk from investor portfolios, will allow institutional investors to target an uncorrelated source of sustainable alpha from their core equity exposure, with a positive environmental focus. This latest addition to its suite of resource efficient strategies brings Osmosis ex fossil fuel assets under management to over US$600 million.
Venture capital funds in Ireland (“
VCs”) typically invest in the technology sector, with a strong focus on software, life sciences and FinTech.
Do venture capital funds require any approvals before investing in your jurisdiction?
There is generally limited regulation in respect to VCs deploying capital by investing into investee entities in Ireland. Approvals tend to be at the fund level in terms of the regulation of how VCs raise funds and how their investment activities are regulated.
Investments into investee companies operating in certain regulated industries may require regulatory approval from the relevant regulatory body for that industry (particularly if change of control thresholds are triggered as a result of the proposed investment). Specific requirements will vary from industry to industry.
11.00 a.m. on Wednesday 27 January 2021
Latest time and date for receipt of completed applications from the Intermediaries in respect of the Intermediaries Offer
2.00pm on Wednesday 27 January 2021
Latest time and date for receipt of Placing orders
5.00pm on Wednesday 27 January 2021
Announcement of the results of the Initial Issue
8.00am on Thursday 28 January 2021
Initial Admission of the Ordinary Shares and dealings commence
8.00am on Tuesday 02 February 2021
Investment Highlights
Victory Hill believes that an investment in the Company represents an attractive investment opportunity for the reasons set out below.
Growth of Global Energy Infrastructure · Global demand for energy sources is one of the key drivers for the growth of infrastructure capital spend over the last century. It is expected to continue to form part of the main contributors to global growth, largely driven by rising incomes in developing economies, where the population is hea