Glennmont extends RBS relationship

Glennmont Partners, the UK-based manager which focuses exclusively on investment in clean energy infrastructure, has appointed RBS International Depositary Services as depositary for the Nuveen European Core Renewable Infrastructure Fund. The new open-ended fund, which has an initial raising of EUR700m (USD683m), will invest in brownfield, renewable energy assets and projects across continental Europe. In addition to depositary services, RBS International’s Luxembourg branch is providing bank accounts to the fund. The appointment builds upon the existing relationship, with RBS International having helped Glennmont Partners in 2015 with banking support for its First Fund vehicle.

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