Futuregrowth Asset Management’s R10.4bn Power Debt Composite has beaten its benchmark over all critical periods, starting from the last year and going back to its inception in January 2013.
‘The whole premise of the fund is to facilitate investments in renewable energy infrastructure transactions – not solely the Renewable Energy Independent Power Producer Procurement Programme (Reipppp),’ Futuregrowth portfolio manager Jason Lightfoot told Citywire South Africa.
The fund has provided equity finance to participants in Reipppp, and the portfolio has considered investing in embedded generation and rooftop solar.