PraxisIFM supports Ecofin IPO launch

Posted: 07/01/2021

PraxisIFM Fund Services (UK) has provided administration and corporate secretarial services to sustainable investment company Ecofin US Renewables Infrastructure Trust (RNEW), which was admitted to the London Stock Exchange on 22 December.

RNEW’s IPO raised $125m based on its objective to invest in a diversified portfolio of renewable assets, predominantly in the US. 

RNEW’s principal focus is on solar and wind energy assets, and it may also invest in different types of renewable energy (battery storage, biomass, hydroelectric and microgrids), as well as other sustainable infrastructure assets such as water and wastewater.

Brad Adams, Managing Director of parent company TortoiseEcofin, said: "We have enjoyed working with PraxisIFM in the lead-up to the listing of RNEW and are looking forward to continuing our relationship with Managing Director Brian Smith and his team."

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