BlackRock, Inc and NTR plc have formed a strategic relationship agreement to launch a new renewable power investment group. This comprises a number of key renewable power principals from NTR joining the BlackRock Alternative Investors (BAI) investment platform, which currently manages over USD110 billion of assets across a range of alternative investment strategies.
The new renewable power investment team will combine the international track-record of NTR in renewable power infrastructure development with the global fund management and distribution capabilities of BlackRock. As part of the strategic relationship between the two companies, NTR will provide market perspective and insights to the renewable power investment team and will also retain an economic interest in an identified set of products on the new investment platform. Current and past renewable energy infrastructure activities of NTR have included the development of over four gigawatts of wind and solar projects in the US and Europe.
The strategic arrangement sees NTR plc’s Chief Executive Officer, Jim Barry, take up the role of Chief Investment Officer of the renewable power investment team within BAI with responsibility for establishing and developing the platform.
“With global alternative industry assets under management now surpassing USD5 trillion, we continue to witness increasing demand for innovative, value added alternative investments products from institutions, foundations and endowments, as well as high net worth investors and their representatives,” says Botein. "Renewable power represents a compelling investment proposition for investors as long-term trends point to an expansion in energy demand. Renewable power is expected to make up the lion’s share of relative growth in power generation methods over the next 25 years. The new renewable power investment platform offers a deep and experienced investment team, which is built around the core NTR renewable power expertise. This team will utilise BlackRock’s global fund management services and BlackRock Solutions, our proprietary trading and risk management technology platform.”