Schroders Greencoat has secured a £450 million ($610 million) strategic investment from LifeSight, WTW’s defined contribution (DC) master trust.
LifeSight, the first master trust to be authorized in February 2019 by the Pensions Regulator in the United Kingdom, will invest the initial amount in Schroders Greencoat’s Renewables Long-Term Asset Fund (LTAF) with the potential for additional investments in the future.
The strategy will feature in LifeSight’s core default funds, meaning the vast majority of members will benefit from this investment.
The Schroders Greencoat Global Renewables+ LTAF seeks to provide robust, predictable returns through investment in a diversified portfolio of renewable energy and energy transition-aligned infrastructure assets. The fund focuses on renewables such as wind and solar, as well as other energy-transition infrastructure assets such as large-scale batteries, energy-efficient heat networks and green hydrogen projects.
