Quinbrook Infrastructure Partners has held a final close of the U.K.-focused Quinbrook Renewables Impact Fund (QRIF), raising £620 million ($774 million) of investor commitments and surpassing its £500 million ($624 million) target.
QRIF is Quinbrook’s third managed fund and is strongly aligned with the U.K. government’s goals of achieving a decarbonized power system by 2035 and improving energy security. The fund, which offers investors access to a holistic and differentiated approach to the energy transition, was marketed exclusively to institutional investors in the United Kingdom and attracted multiple new investors to Quinbrook from across the country.
The portfolio includes a range of long-term inflation-linked contracts with investment-grade counterparties such as National Grid and the U.K. government, as well as inflation-linked power-purchase agreements with U.K. companies. The portfolio is anchored by investment in one of the United Kingdom’s largest