European Infrastructure Credit.

Power Sustainable Infrastructure Europe (PSIE) provides structured, bespoke direct debt investments into a wide range of sustainable infrastructure projects in Europe and the United Kingdom demonstrating strong defensive characteristics and with low correlation to other asset classes. With the flexibility and experience to tailor financing solutions for a wide range of borrowers’ needs, the European Infrastructure Credit business offers investors both investment grade and sub-investment grade-oriented exposure while ensuring sustainability alignment, portfolio diversification, capital preservation, and superior risk-adjusted returns.

Power Sustainable embraces complexity to service developers, sponsors and corporates active across the range of infrastructure sub-sectors which includes sustainable energy, sustainable transportation and logistics, digital infrastructure, social infrastructure, utilities and other essential assets and services.

Power Sustainable embraces complexity to service underserved middle market developers, sponsors and corporates who lack access to traditional capital market financing sources. Target borrowers typically require customized, medium duration, transition capital solutions that support their growth trajectory.

Power Sustainable is active across the range of infrastructure sub-sectors which includes sustainable energy, sustainable transportation and logistics, digital infrastructure, social infrastructure and utilities.

Investment focus

Power Sustainable's investment philosophy embeds sustainability at its heart by exclusively providing credit to projects and companies that demonstrate positive underlying sustainability characteristics:

Decarbonization

Accelerate the transition to a low-carbon economy and the creation of affordable clean energy by providing finance to projects which contribute to stabilization of Green House Gases (“GHG”) concentration, decarbonization, or the increase of GHG sequestration (i.e., GHG removal)

Sustainable Cities and Communities

Support the development of cities and communities that increase resiliency, inclusivity, accessibility, safety, and connectivity

Resource Efficiency

The sustainable use of Earth's limited resources while minimizing environmental impacts. Projects meeting these criteria aim to create more with less, and deliver greater value with less input. Resource Efficiency can be achieved by increasing operational efficiency, reducing or extracting value from waste, and transforming single-use linear supply chains in a way that promotes reuse

  • Highly structured, bespoke, direct lending solutions to infrastructure assets.

  • Infrastructure debt provides attractive yields with embedded downside protection for investors.

  • Investment thesis is supported by global megatrends which require substantial capital inflows and provide a substantial opportunity set.

  • Highly experienced investment team with deep track record across multiple decades.

UK - Will D headshot

Will Devenney

Managing Partner

Will Devenney is the Managing Partner and a founding member of the Power Sustainable European Infrastructure Credit team. Will has over 20 years experience in financial services, predominantly focussed on the infrastructure sector including advising, debt structuring, underwriting and placement. Will joined Power Sustainable from LGIM where he led the European Infrastructure Debt platform and was a member of the Global Private Credit Leadership Team. Prior to LGIM, Will held senior roles at Royal Bank of Canada and HSBC in the infrastructure teams based in New York and London. Will is a qualified chartered accountant (ACA) and earned a Masters Degree in Chemistry from the University of Oxford.

All references to the Power Sustainable team in relation to the European Infrastructure Credit strategy refer to activities undertaken by Power Sustainable Infrastructure UK Credit Manager Limited. This entity is permitted to provide the regulated activities of providing investment advice and arranging investments in the UK. Power Sustainable Infrastructure UK Credit Manager Limited is an appointed representative of G10 Capital Limited which is authorized and regulated by the Financial Conduct Authority.