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ABERDEEN STANDARD INVESTMENTS INVESTS £48M IN LEADING UK SMART METER OWNER

04 Aug 2020

Aberdeen Standard Investments (ASI) infrastructure debt team has invested £48 million in a leading UK smart meter business. This partnership with Calvin Capital, a part of the Calisen Group, will help drive the UK’s green agenda forward aligning UK homes with UK smart meter ambitions and targets. ASI’s investment helps refinance 3.8 million smart meters and facilitate the installation of a further 6.4 million smart meters by the end of 2024.

The investment was made on behalf of the ASI Multi-Sector Private Credit Fund as well as our strategic clients, including Phoenix Group, amongst others. The investment will deliver long-term, reliable cash flows helping investors meet their future liabilities.

Over the last two years ASI have lent to a number of sectors within the renewables space, including UK wind, solar and hydro power and district heating. This latest green investment demonstrates ASI’s continuing commitment to ESG considerations as smart metering will play a vital role in managing the energy markets going forward.

Jeremy Allcock, Head of Infrastructure Debt- Aberdeen Standard Investments, said:“This market leading transaction highlights our focus on investing for a better future. The long term strategy of Calvin Capital will help to drive the UK green agenda forward, whilst aiming to deliver returns for our clients alongside the ability to match long term liabilities.”

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Notes to Editors:

  • Aberdeen Standard Investments is a global asset manager dedicated to creating long-term value for our clients, and is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments. With over 1,000 investment professionals, we manage £525.7 billion of assets worldwide. We have clients in c.80 countries supported by 50 relationship offices. This ensures we are close to our clients and the markets in which we invest. (*as of 30 June 2019)
  • We are high-conviction, long-term investors who believe teamwork and collaboration are the key to delivering repeatable, superior investment performance.
  • Standard Life Aberdeen plc is headquartered in Scotland. It has around 1.2 million shareholders and is listed on the London Stock Exchange.
  • You can access the Aberdeen Standard Investments media centre here: https://www.aberdeenstandard.com/news-and-media

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