Tuesday 12 February 2019

Earth Capital is pleased to announce ...

Yes, yes. It's pleased to announce, so, uh ... I may as well cover this story. 'PR email, boss?' Yes, Voice. 'What are they selling then?' Er, I think they've already sold it, mate. 'Oh.' Yeah, these guys don't hang around.

Earth Capital is pleased to announce the successful exit from the UK Energy Efficiency Investments Fund ("UKEEI", or "the Fund"), through the sale of the Fund's assets via a £100m IPO. Earth Capital's Nobel Sustainability Fund was invested in UKEEI alongside the Green Investment Bank, Earth Capital investee SDCL EEco LLP ('SDCL'), the European Investment Bank and other institutional LPs. Earth Capital's impact investing focus includes Energy Efficiency as a key sector, and is strongly aligned with SDCL's investment strategy.

Well, green stuff. Just like Elon. There's no harm in it, I suppose. / We've got to save the planet, man. Or go to another one. All the insects will die within the next hundred years. And that will be BAD SHIT like you won't believe. / Anyway ...

Energy Efficiency is the lowest cost source of sustainable energy, and represents an innovative and ground breaking asset class in impact investing. Energy Efficiency offers a compelling economic solution in the transition to sustainable energy. The marginal costs of saving energy are much lower than those for building new generation, and involve proven products and technologies.

Fair enough. / Oh, I'm still following Tesla's share price. It's up, and down, and up, and down, and up, and down, and up, and down, and up, and down, and ... I'm sure you get the idea, dear reader(s). It's a rollercoaster!

The Fund made a series of pioneering investments in the UK Energy Efficiency market into assets such as LED lighting, Combined Heat and Power and biomass heat. Companies in the UK benefiting from the Fund’s investment include Santander, Citigroup, Moy Park, NCP, and St Bartholomew's Hospital. Each host had modern energy efficient products installed by the Fund.

In December 2018, the SDCL Energy Efficiency Income Trust acquired the assets of the Fund in conjunction with its £100m IPO.


Okay, okay. / Now, listen, I'm just wondering if Power and Totty have anything they want to say. 'Who in the name of Christ are Power and Totty?!' You don't know about Power and Totty, Voice? 'No. Who are they?' Ha! Look! -

Gordon Power and Jim Totty of Earth Capital said: "We are delighted at the successful sale of the portfolio of the UK Energy Efficiency Investments Fund. This marks yet another strong exit to add to our market leading 30 year sustainable private markets track record. Our partnership with SDCL continues to deliver strong cash returns to institutional investors in sustainability, through an active, hands-on impact investing strategy."

Thanks, guys! / You see, Voice? 'Yeah, they're just a couple of delighted guys from Earth Capital.' Well, there's nothing wrong with that. 'It's amazing how they speak together though, boss. I mean, the exact same words. It must be a spooky thing to actually witness it in the flesh.' Yes, it must be. Fortunately, we've only had to deal with the email report of it. 'They remind me of Maxwell and Muthu.' What?! Who the fuck are Maxwell and Muthu?!?!?! 'Ha! You don't know about Maxwell and Muthu?' No. Who are they? Tell me! 'They're from SDCL. They speak the same way as Power and Totty.' Jesus H. - !!!

Jonathan Maxwell and Joseph Muthu of SDCL said, "We are delighted at the acquisition of the UKEEI investments by the SDCL Energy Efficiency Investment Trust. Energy efficiency investment is the most cost-effective and rational way of reducing emissions and improving the security of energy supply, and the UK Energy Efficiency Investment Fund has pioneered Energy Efficiency private markets investment in the UK."

And they're delighted, too! This is absolutely demonic! 'Like those two girls in The Shining.' Yeah, but there's four of these guys, Voice. It's a bloody nightmare! I wish I hadn't started this post now. I could have been writing about music.

Oh, actually, I've just had a quick look at the girls on YouTube. I can't make out if they are talking together. It might only be one of them. 'No, I think it's both, boss. Seriously.' Oh. 'Power and Totty, and Maxwell and Muthu, are copying the girls from The Shining. It's sick. They're out of control, man!' Right. Okay, okay, dear reader(s), well ... there's only one thing to say now ...

ENDS ENDS ENDS

You dig?

...

Anything else? No. I'm just glad it's all over. Laters.