The targeted fund, known as the Delta fund and managed by TowerBrook Capital Partners, is set to invest in mid-sized private enterprises. These companies are expected to contribute to at least one of the United Nations’ Sustainable Development Goals (SDGs), providing a double bottom line of financial returns and social impact.
Adding to this robust commitment, REST will also co-invest with TowerBrook in LiftWerx, a Canadian firm renowned for its innovative ‘up-tower’ crane technology designed to service wind turbines. This co-investment underscores REST's dedication not just to profit but to advancing renewable energy solutions that can make a tangible difference.
TowerBrook, an investment management firm based in London and New York, specialises in private equity with a strong focus on impact investments. This aligns well with REST's ambition to marry financial growth with positive environmental impact.
The Delta fund’s approach includes a diversified portfolio that will benefit from the macroeconomic shifts of decentralised and sustainable practices. This is a forward-thinking move, considering the increasing importance of environmental, social, and governance (ESG) criteria in investment decisions.
The original article reported this initiative by REST as a strategic measure to benefit from "the long-term decarbonisation and deglobalisation of the global economy." This new angle reflects REST's broader commitment to harnessing financial resources for societal and ecological benefits.
By investing in sustainable ventures, REST aims to achieve growth while also contributing to the preservation of our planet for future generations. The decision to partner with TowerBrook and invest in visionary projects like LiftWerx demonstrates a proactive stance in the evolving landscape of private equity.
