Northern Trust Wins From Earth Capital Partners Fund Platform Administration Mandate For US$5 Billion

Northern Trust has been selected to provide fund administration services for the fund platform managed by Earth Capital Partners (ECP), a new investment business with a specialist focus on environmental investment, and an objective to raise US$5bn into the fund

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Northern Trust has been selected to provide fund administration services for the fund platform managed by Earth Capital Partners (ECP), a new investment business with a specialist focus on environmental investment, and an objective to raise US$5bn into the fund platform over the next five years.

The new platform has the opportunity to launch a series of closed end investment vehicles invested in such sustainable projects as solar power, waste-to-energy, southern hemisphere agriculture and may also provide financial backing for companies developing new environmental technologies.

In selecting a fund administrator we were specifically looking for proven expertise in administering a range of hybrid funds, says Rufus Warner ECP LLPs chief executive. Products in sustainable development are a new and exciting area of assets and Northern Trust has demonstrated the fund administration capabilities that respond to our unique requirements.

ECP LLP, chaired by Stanley Fink, was launched in late 2008. At the launch event, Fink described the partnerships objective as to deliver attractive returns to our investors by investing in projects, companies and financial instruments, which address sustainable development challenges, such as climate change, water scarcity and energy security. The ECP Renewables Fund is one of the first investment structures to be launched to reflect those goals.

We are delighted to be working with Earth Capital Partners on this initiative addressing a growing need to engage in environmental solutions, says Kate Stallard, head of private equity, infrastructure and real estate sales at Northern Trust. As an experienced fund administrator, Northern Trust understands the complex nature of administering alternatives, particularly in intangible assets and looks forward to bringing this experience to bear in this new relationship.

D.C.

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