The Greystone Infrastructure Fund Completes Two Follow-on Transactions
REGINA, October 16, 2018 –
The Greystone Infrastructure Fund1 (the “Fund”) has completed two follow- on transactions supporting further growth of its infrastructure investment platforms.
The first follow-on investment is in Rabbalshede Kraft, the Fund’s Scandinavian Wind Platform. This investment supports Rabbalshede Kraft’s acquisition of three wind farms in Sweden bringing its total installed capacity owned and managed to 477 MW. The Fund initially invested in Rabbalshede Kraft in February 2017.
The second follow-on investment is the acquisition of Shaunavon Power, a waste-gas power plant located in Shaunavon, Saskatchewan. Shaunavon Power is being acquired by WCSB Power Holdings LP, the Fund’s Western Canadian power generation platform. With this acquisition and future roll-up of the Crowsnest Power Plant under the WCSB Power platform, the Fund will own and operate 74 MW of power generation facilities across three provinces in Canada.
Ted Welter, Chief Investment Officer, Alternative Investments at Greystone Managed Investments Inc., said, “Our Infrastructure Investments team continues to execute with excellence for our clients and is supported by Greystone’s entire Alternatives Investments team. We are proud to fully serve and support the continued growth of our global infrastructure strategy.”
“Building and growing an energy platform in Western Canada reflects our strong investment conviction in the region and aligns with Greystone’s Western Canadian roots. As a Canadian institutional asset manager, it was also important to demonstrate a strong commitment to the domestic market for our clients.” said Jeff Mouland, Executive Director and Head of Infrastructure Investments. “We continue to actively pursue new platform investments of high-quality, mid-market infrastructure assets globally for our clients while supporting the growth of our existing platforms through follow-on investment.”
About the Greystone Infrastructure Fund
The Fund is open-ended with a global mandate that targets diversified mid-market infrastructure assets with attractive risk-adjusted returns, capable of providing predictable and stable cash flows over the long term. The Fund forms part of the Alternative Investments platform managed by Greystone Managed Investments Inc.
About Greystone Managed Investments Inc.
Founded in 1988, Greystone Managed Investments Inc. is a privately-owned, Canadian institutional investment manager. The firm is one of Canada’s largest money managers with C$36.1 billion of assets under management (as at June 30, 2018).
Greystone is a multi-asset class manager with in-house expertise in fixed income, Canadian equities, U.S. equities, international equities, real estate, mortgages and infrastructure. Greystone is headquartered in Regina, with offices in Toronto, Winnipeg and Hong Kong. For more information, please visit www.greystone.ca.
For further information, please contact:
Media Relations Contact:
Anne Bilczuk, Senior Vice-President, Branding & Communication, (306) 779-6153
1 The Greystone Infrastructure Fund (Canada) LP and the Greystone Infrastructure Fund (Canada) LP II (the “Feeder Funds”) invests in units of a master fund, the Greystone Infrastructure Fund (Global) LP (the “Master Fund”). The Master Fund invests in the allowable infrastructure investments outlined in its Investment Policy.