Menhaden Resource Efficiency Plc - Portfolio Update
22 April 2024 - 8:00AM
UK Regulatory
Menhaden Resource Efficiency Plc -
Portfolio Update
PR Newswire
LONDON, United Kingdom, April 22
22 April 2024
Menhaden
Resource Efficiency PLC
(the
“Company”)
LEI:
2138004NTCUZTHFWXS17
Portfolio
Update
Menhaden
Resource Efficiency PLC announces that it has completed a new
private investment with KKR in Avantus, one of the leading solar
and energy storage developers in the
United States. Avantus has one of the largest and most
advanced development pipelines across California and the Southwest.
The
initial US$17.5 million investment
equates to 10.0% of the Company’s NAV.
The
portfolio manager believes the deal is highly opportunistic and
expects it to generate returns significantly in excess of public
equity markets. This transaction represents the Company’s fourth
co-investment with Kohlberg Kravis Roberts (KKR).
Frostrow
Capital LLP
Company
Secretary
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