Sustainable Technology Investments Group, the investment manager founded by Gordon Power and Stephen Lansdown, has made a strategic investment in Sustainable Development Capital. Power will join SDC’s board. Specifics of the investment were not publicized.
Sustainable Development Capital Receives Strategic Investment From Sustainable Technology Investments Group
We are pleased to announce that Sustainable Technology Investments (Guernsey) Limited (STIG) has been admitted as a strategic investor in Sustainable Development Capital LLP (SDCL). Gordon Power, CIO of STIG, has joined the SDCL Board. The investment will support the growth of SDCL’s advisory and investment businesses.
SDCL was established in 2007, since when it has been working with financial institutions, governments, developers and corporations on financing for sustainable development projects. It has an established investment banking and corporate finance advisory business, which structures and raises financing for investment funds, projects and companies that seek attractive levels of return on investment and have a positive environmental or social impact. SDCL is also in the process of launching an investment management business focussed on energy efficiency financing.
SDCL has offices and professionals in London, Hong Kong and New York. It is a member of the United Nations Environment Programme Finance Initiative and is authorised and regulated in the UK by the Financial Services Authority.
Jonathan Maxwell, Founding Partner & CEO of Sustainable Development Capital LLP, said:
“SDCL’s core values of doing more with less are more compelling than ever in the context of uncertainty in global markets, both for governments and businesses.
Efficiency and productivity gains are translating into urgent imperatives for policymakers and companies seeking to retain competitive strength in a world of increasingly scarce resources. These conditions are driving demand for essential assets and services in our focus markets, such as clean energy, water and waste management, sustainable transport solutions and land management.
We are delighted to have STIG on board with us as a strategic partner. The investment by STIG will expand the range of services and products that SDCL is able to provide to clients and accelerate the growth of our investment activity.”
Gordon Power, CIO of Sustainable Technology Investments (Guernsey) Limited, said:
“Our investment in SDCL builds on and complements our existing investment activities in the sustainable development markets in the UK and internationally.
SDCL has built an excellent platform advising on the financing of leading funds, projects and companies, with a focus on meeting institutional investors’ needs and creating compelling investment opportunities. This will help STIG expand its participation in these specialist markets as well as providing opportunities to add value across its existing portfolio.
SDCL is in the process of launching an investment business focussed on energy efficiency projects. Energy efficiency is a compelling new asset class that we believe will attract a lot of investor attention. SDCL’s expertise with project development and innovative financial solutions will position it well in a fast growing sector with the prospect of delivering strong returns.”
About Sustainable Technology Investments (Guernsey) Limited
STIG is a fund management business founded by Gordon Power and Stephen Lansdown in 2009 to provide capital for and mentoring to fund managers and businesses whose primary focus is sustainable investment in renewable energy, energy efficiency, water mangement and sustainable technologies.
The founders’ brief details are as follows:
Stephen Lansdown, 58, was formerly co-founder of the private client business, Hargreaves Lansdown, which he set up with Peter Hargreaves in 1981 and is the UK’s biggest independent private client brokerage which recently joined the FTSE 100. He resigned as an executive director in August 2010 (still retaining a substantial stake in the company) to pursue his many other interests including STIG.
Gordon Power, 58, has over 26 years of private equity experience and is a private equity investor in his own right. Prior to his current commitments, he founded and was CEO of the private equity business ProVen Private Equity (now re-named Beringea) from 1984 – 2004 and led its buy-out from Guinness Mahon in 1997. By 2002 ProVen specialised in media and intellectual property rights investments, had funds under management of $370 million including a range of highly successful venture capital trusts. From 1984 to date, an overall annual return in excess of 29% has been achieved in 176 realised (i.e. sale, flotation or administration/liquidation) investments and unrealised investments.