I don't think it is a separate fund, more like an investment unit. They consume[or contribute] about $2/share of our NAV at 606million invested by acas so far, with intent to add 200 more. If they get into supplying an emerging market, it can be real growth. If they limit themselves to the US, growth will be incremental but durable.
The management team from AES seems to have a wide experience in fosil and green energy. AES is primarily a power generator with a subsidiary that builds utility grade wind turbines.
I suspect Wilkus brought these guys in because they do not rule anything out. When a tailwind blows, you go with it rather than waste corporate energy fighting it. The coal people supposedly hate wind energy.
" announced today the expansion of its investment management activities into the energy infrastructure sector with the formation of American Capital Infrastructure. American Capital Infrastructure will be led by Paul Hanrahan, CEO."
"with the formation" I believe that describes a new financial endeavor.
A few CC's ago management said they intended create funds from several ideals they had bantered around. This qualifies as one of those efforts.
The second fund has been started "We are also pleased to continue to grow our funds under management, with the closing of a second managed CLO during the quarter and the raising $1.2 billion of equity by American Capital Agency Corp." Is this said fund? Who knows.