Utilities

New investments include Europe’s largest aerial emergency services operator Avincis and Norway’s leading supply base, Fjord Base. The infrastructure manager also provided significant follow-on funding to its portfolio companies including Portsmouth Water, to begin construction of the UK’s first major...

What are the key characteristics you look for when investing? Spence said: “The key things we look for are strong infrastructure characteristics, that is downside protection, asset backing, inflation-linkage, and a cash yield. We have delivered that through all of...

Ancala has deployed a consistent strategy since it was founded in 2010, delivering enhanced returns from investments with traditional infrastructure characteristics. The infrastructure manager’s differentiated approach focuses on sourcing bilateral investment opportunities, providing downside protection, inflation-linkage and cash yield, and...

Ancala Infrastructure Fund III contains commitments from new and existing investors to Ancala. It comprises funds from institutional investors across Europe, North America and Asia. Ancala has deployed a consistent strategy since it was founded in 2010, delivering enhanced returns...

Creating a company to succeed Ancala first invested in Leep Utilities in 2017. We searched for companies in the last-mile utility sector in the UK which we knew from previous experience benefitted from a particularly attractive regulatory framework. We identified...

IEG is playing a key part in the carbon neutral energy transition through the conversion of oil customers to gas, particularly commercial customers. It is committed to helping all three islands achieve net zero by 2050. Leveraging the Ancala network...

Ancala first invested in Portsmouth Water in 2018. Ancala was attracted to Portsmouth Water because of its leading operational performance and the opportunity to develop the Havant Thicket reservoir. We made an unsolicited approach to the shareholders of the company....

The Ancala team – supported by a number of our portfolio company CEOs - provided detailed updates on our investment strategy, fund performance and deep-dive insights into the performance of our portfolio. The CEO roundtable discussion and Q&A with Ancala’s...

2022 was an important year in which we demonstrated the resilience of our approach in changing market conditions. In the face of unprecedented uncertainty, we remained agile and flexible to work closely with our portfolio companies and create value for...

HS Orka is Iceland’s largest privately owned producer of renewable energy and has been producing 100% renewable energy for over 45 years. It owns and operates two geothermal power plants, Svartsengi and Reykjanes Power Plant on the Reykjanes Peninsula, a...