The private debt market continues to be a popular area for institutional investors seeking reliable yield. Similarly, demand justifiably continues to grow for investment opportunities that provide a positive environmental impact. Unsurprisingly, therefore, renewable energy infrastructure is a natural area for investors to explore.
This session will investigate the existing opportunity for investors in green energy debt. Berenberg will discuss the importance of understanding the capital structure and the relative attractiveness of certain types of debt compared to equity in this context and how it can be a catalyst for the rollout of renewable energy projects.
In doing so, Berenberg will also discuss the risks of such investment opportunities 'falling through the cracks' within a traditional asset allocation approach and potentially because of industry consolidation among asset owners, such as LGPS pooling.
Who should attend?
Why should you attend?
Malte Delfs, Corporate Banking & Structured Finance, Berenberg
Malte is Product Specialist for Private Debt at Berenberg in Hamburg, Germany. Prior to joining Berenberg, Malte was at MUFG Bank in London, UK, where he worked in the EMEA DCM Loans Team to structure M&A financings for large caps. Malte also gained experience with HSH Nordbank in Hamburg in the Loan Syndications and Sales Team, where he covered energy and infrastructure.
Malte holds an MBA from FOM University of Applied Sciences in Hamburg and a bachelor's degree in business administration with a focus on finance from DHSH University in Kiel, Germany.
Nicolas Leissle, Corporate Banking, Infrastructure & Energy, Berenberg
Nicolas joined Berenberg's Infrastructure & Energy team in 2018. Prior to this, he gained several years project experience in leveraged finance transactions and renewables during a traineeship and analyst role at ODDO-BHF.
Nicolas holds a Master of Science in Economics from the University of Ulm and the University of Adelaide.
Steven Gardner, Head of Asset Management Sales & Client Relations, UK, Berenberg
Steven heads Berenberg’s asset management business in the UK. He is responsible for managing relationships with UK institutional investors of all types and investment consultants.
Having started out as an investment analyst in the private markets team of Standard Life Investments, Steven has gone on to have a varied career in finance over the last two decades working with a range of different institutional investors in the UK, Australia, North America and continental Europe.
Working at firms such as Baillie Gifford, Franklin Templeton and Jupiter Asset Management this experience has covered a range of asset classes.
Steven holds a first-class Honours degree in Economics and was the recipient of the Sir Charles Carter Prize for Achievement in the field of the Economics of Innovation.
Richard Giles, Senior Director and Community Lead, Pensions for Purpose
Richard has over 30 years working in the pension industry as an adviser, senior executive and trustee. He is in the final phase of his career building a portfolio of paid and voluntary Board Roles. covering finance, sport, education and looking after the planet.
Richard will participate in this session as the Chairman of the Investment Sub-Committee of the United Utilities Pension Scheme. This is a £3.5bn fund with a defined benefit and defined contribution section. The scheme has recently completed its first TCFD report and is considering the practical steps needed to integrate plans to transition to net zero and clean energy.
The scheme has also recently competed a £1.5bn buy-In transaction with Legal and General.
Pensions for Purpose
Pensions for Purpose exists as a bridge between asset managers, pension funds and their professional advisers, to encourage the flow of capital towards impact investment. Our aim is to empower pension funds to seek positive impact opportunities and mitigate negative impact risks.
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