Decoupling asset buying from money raising - Be Inspired

With the heightened focus on ESG for publicly listed companies in the last couple of years, how have ESG-focused investment companies reacted to this change? In this episode of the Be Inspired series, LSEG’s Akhil Suresh talks to Stephen Lilley, Founding Partner of Schroders Greencoat. Stephen discusses how Greencoat Capital, which manages Greencoat UK Wind, the largest listed green infrastructure fund on our markets, operates as a listed business.

Describing listing as a balance sheet, Stephen explains how listing enabled the company to delink buying assets from raising money through short-term revolving credit facilities, where new assets can be bought when the time is right, and money is then raised separately. He also details their listing journey from the mistakes they made in the first attempt to the steps they took to eventually succeed.