REG-Menhaden Resource Efficiency Plc: Portfolio Update

Menhaden Resource EfficiencyAnnouncement

22/04/2024 07:15

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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