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Shore Capital acts as Sole Bookrunner on £31.3m fundraise for Gore Street Energy Storage Fund
Gore Street Energy Storage Fund, London’s first listed energy storage fund investing in income producing assets in the UK and internationally, has successfully raised £31.3m in its latest fundraising campaign, with Shore Capital acting as broker and sole bookrunner.
This includes total gross proceeds of £6.34m by way of an Initial Placing and Offer for Subscription, together with an additional £25m commitment from the National Treasury Management Agency (NTMA).
Since IPO in May 2018, following this fundraise, Gore Street has more than doubled in size to approximately £62m assets under management and has built a portfolio of 189MW across eight assets in the UK and the Republic of Ireland. GSF has an additional 500MW in pipeline in UK, Ireland and continental Europe, which it intends to execute against in the coming months.
For further information please contact:
Shore Capital: Daniel Harris / Hugo Masefield
+44 (0) 20 7408 4090
For Shore Capital media enquiries, please contact:
Adele Gilbert: +44 (0)79 6622 4514
Note to editor
About Shore Capital
We are an independent securities business offering institutional and corporate clients leading investment banking, research, sales and trading services, including fixed income. We are represented across the UK enabling extensive distribution and institutional coverage. This distribution capability is complemented by our experienced corporate advisory and broking team who offer discreet, innovative and valued advice to companies on both the Main Market and AIM. Shore Capital is also the 3rd largest market maker by number of AIM stocks covered.
Our cross-disciplinary team has deep, market leading experience in a wide range of small and mid-cap UK companies within the following sectors: Consumer, Financials, Healthcare, Insurance, Natural Resources, Real Estate, Support Services, Technology and Media. Our research on over 250 companies is distributed to an extensive institutional client base in the UK and Europe.
Shore Capital is a trading name of both Shore Capital Stockbrokers Limited and Shore Capital and Corporate Limited.