Foresight Group has launched an open-ended fund to invest in publicly-listed companies that own and operate real infrastructure or renewable energy assets globally.
The FP Foresight Global Real Infrastructure Fund is targeting a total return of more than 3% a year above the rate of UK inflation.
Foresight said the fund will draw from 91 listed renewable and infrastructure investment companies from a global pool of 5700 organisations.
It will target a range of assets from solar power and geothermal generation plants to medical office buildings and storage facilities that have strong public sector counterparties and stable, predictable demand.
The listed companies have a combined market capitalisation of £180bn, Foresight said.
Meanwhile, Foresight has issued a €8.35m green bond in Italy to finance the acquisition of a portfolio of 15 operational solar plants with a combined capacity of 5.6MW.
The plants, located in Emilia Romagna, Piedmont and Puglia, are principally installed on the roofs of the Centro Agro Alimentare di Bologna, a major food distribution facility.
The assets have been fully operational since April 2013 and are currently owned by Agatos Energia and MF Partners.
Foresight will acquire the projects together with a joint venture of Filizola and Pagano & Ascolillo.