The Greystone Infrastructure Strategy Acquires an Equity Interest in Rabbalshade Kraft

REGINA, February 2, 2017 – The Greystone Infrastructure Strategy1 has acquired an equity interest in Rabbalshede Kraft AB (publ) (“Rabbalshede Kraft”), an established developer and operator of wind projects based in Sweden.

Rabbalshede Kraft is a renewable power producer that owns and operates 71 wind turbines across eight proprietary wind farms, managing a total of 334MW across 139 turbines. This latest investment enhances the geographic diversification of the Greystone Infrastructure Strategy with a unique opportunity in the Nordic renewable market and complements our existing investments in the U.S. and Ireland.

Ted Welter, Chief Investment Officer, Alternative Investments at Greystone Managed Investments Inc., said, “Our Infrastructure Investments team is supported by a full complement of a Client Portfolio Management and Operations team that enables Jeff Mouland and his Infrastructure Investments team to source the best and most appropriate risk-adjusted assets for our clients. We are proud to fully serve and support the growth of our Infrastructure Strategy.”

“This investment further strengthens our presence in the European market as we continue to pursue quality, mid-market assets that can provide our clients with long-term cash yield and capital appreciation,” said Jeff Mouland, Executive Director and Head of Infrastructure Investments. “We continue to actively source high-quality assets in Europe and North America on behalf of our investors.”   

The transaction achieved all customary closing conditions, including regulatory approvals, and reached financial close on February 1, 2017.

About the Greystone Infrastructure Strategy

The Greystone Infrastructure Strategy has a global mandate that targets diversified mid-market infrastructure assets with attractive risk-adjusted returns, capable of providing predictable and stable cash flows over the long term. The Greystone Infrastructure Strategy includes the Greystone Infrastructure Fund and segregated Infrastructure mandates and forms part of the Alternative Investments platform managed by Greystone Managed Investments Inc.

About Greystone Managed Investments Inc.

Founded in 1988, Greystone Managed Investments Inc. is a privately-owned, Canadian institutional investment manager. Employee-controlled, the firm is one of Canada’s largest money managers2 with over C$30 billion of assets under management (as at December 31, 2016). Greystone is a multi-asset class manager with in-house expertise in fixed income, Canadian equities, U.S. equities, international equities, real estate, mortgages and infrastructure. Greystone is headquartered in Regina, with offices in Toronto, Winnipeg and Hong Kong. For more information, please visit www.greystone.ca.

For further information, please contact:

Infrastructure Contact:

Andrew Croll, Vice-President, Client Portfolio Management, Alternative Investments (416) 309-2587
Loren Gee, Vice-President, Institutional Relationships, (306) 779-6319

Media Relations Contact:

Anne Bilczuk, Senior Vice-President, Branding & Communications, (306) 779-6153

1 The Greystone Infrastructure Strategy includes the Greystone Infrastructure Fund (Global Master) LP, the Greystone Infrastructure Fund (Canada) LP, the Greystone Infrastructure Fund (Canada) LP II and all segregated infrastructure accounts.

2 Benefits Canada, Top 40 Money Managers, November 2016 based on Canadian pension assets as at June 30, 2016.

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