abrdn has provided a £38m debt facility to Dalmore Capital’s 2012 vintage fund, (Dalmore Capital Fund LP – DCF). Dalmore Capital is one of the UK’s leading Public Private Partnership (PPP) investors.The financing is expected to provide abrdn’s clients with reliable, fixed rate payments under a long-term fully amortising structure. abrdn’s investment participants included Phoenix Group, a longstanding funding partner to abrdn, and abrdn’s Multi Sector Private Credit Fund.
DCF’s portfolio of 46 fully operational UK PPP assets is diversified across the healthcare, education, custodial, defence accommodation and leisure sectors.
Dalmore Capital will report on ESG measures including GHG emissions, Social & Employee matters and Health & Safety. The ESG reporting framework being followed was first developed by a group of leading UK infrastructure debt investors, including abrdn. Originally set up to monitor single assets, Dalmore Capital and abrdn have adapted the reporting template to cover a wider portfolio – and it’s believed this will be the first time that the framework has been applied to a portfolio of this nature.
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