London, UK (PRWEB UK) 27 June 2011
A new investment fund dedicated to the renewables sector has been announced today.
Iona Capital was originally established in 1981 as part of the Electra Partners Group. The company will specialise in the waste-to-energy market and is led by two established industry experts – Michael Dunn and Nicholas Ross. Relating to the focus of Iona Capital, Managing Partner Nick Ross said:
“Recent government initiatives and enhancements in anaerobic digestion technologies have created significant opportunities for investors. Iona Capital are well positioned to optimise returns in the waste sector over the next few years and we look forward to creating strong partnership with our stakeholders.”
The London-based fund has circa £35m of institutional support principally targeting the Welsh Local Authority AD procurement programme. The fund is now seeking further investments within the UK looking at both Merchant and Local Authority supported opportunities.
Iona Capital will release its prospectus in the coming weeks as it is looking to raise additional retail funding lines for its Iona Environmental VCT fund
Visit http://www.ionacapital.co.uk to keep updated with developments on the fund.
For more information please contact Cory Hughes on 07968272645 or email ionacapital(at)gmail(dot)com
Notes to Editors
Iona Capital provides equity and sub debt into waste projects which have a renewable element. This may include the production of methane gas for conversion into electricity or heat and the recovery of recyclable materials. The company develops strategic partnerships and uses sector-specific expertise and financial skills to achieve profitable growth for our investors who range from individuals to large local authority pension fund.
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