Northleaf Capital Partners acquires 50 % of WHEB Infrastructure's solar portfolio

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Northleaf Capital Partners acquires 50 % of WHEB Infrastructure's solar portfolio

WHEB Infrastructure last week announced that it has reached a definitive agreement with infrastructure investor Northleaf Capital Partners to jointly pursue the continued expansion of a rooftop solar portfolio in the United Kingdom. Under the agreement, Northleaf has acquired a 50% stake in WHEB's operating rooftop solar portfolio, as well as a pipeline of additional installations that will be operational in early 2014.

WHEB Infrastructure Partner, Tom Williams, said:

"This portfolio of solar energy generation assets offers predictable, long-term, inflation-linked forecast returns from high quality renewable energy assets. We are delighted to have partnered with Northleaf through their global infrastructure investment program and look forward to working together to grow the platform."

Jamie Storrow, Northleaf Managing Director, said:

"Direct investments in low risk solar power assets in partnership with an experienced operator are consistent with Northleaf's investment strategy and this opportunity alongside WHEB offers Northleaf's investors significant potential for stable, long-term returns, as well as additional growth. The partnership with WHEB is very appealing to us, given the company's solid operations and its reputation as a leading renewable energy investor. We look forward to maintaining a productive and long-term relationship with WHEB."

WHEB's private equity infrastructure team invests in clean energy infrastructure assets with commercially proven technologies, and seeks to deliver stable, resilient cash yields with a low correlation to traditional asset classes.

Northleaf Capital Partners is an independent global private equity and infrastructure manager and advisor, with more than $5 billion in commitments under management on behalf of public, corporate and multi-employer pension plans, university endowments, foundations, financial institutions and family offices.

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