Northern Trust appointed to support TirNua Capital Partners' inaugural infrastructure fund.
Article excerpt
Highlighted: the sentence this signal was extracted from
Northern Trust appointed to support TirNua Capital Partners' inaugural infrastructure fund. DUBLIN - Northern Trust (Nasdaq: NTRS) today announced it has been appointed by TirNua Capital Partners ("TirNua") to provide fund administration, depositary and banking services for the firm's inaugural infrastructure fund focused on supporting the transition to a low carbon economy. The fund has secured €340 million in commitments at first close (source: www.tirnua.com). Headquartered in Dublin, TirNua is a private markets investment manager focused on investing in critical infrastructure to support the low-carbon transition, primarily in Ireland. TirNua is an independent, employee-managed business formed through a joint venture between Keyridge Asset Management, trading as Irish Life Investment Managers (ILIM), and an affiliate global private markets investment firm. The fund aims to invest primarily in opportunities that support Ireland's transition to a lower-carbon economy, as well as in other relevant OECD markets. Target sectors include renewable power, energy efficiency, renewable fuels, clean transportation and other infrastructure. Melíosa O'Caoimh, Ireland Country Head, Northern Trust, said: "Northern Trust has long-standing experience in supporting managers of private capital and meeting clients' requirements for oversight, expertise and control throughout the...
Keep reading with a free account
The rest of this article, and every signal for Northern Trust, is in your free account.
