Aquila Group is an experienced and long-term investor in essential, real asset investments. Founded in 2001 by Dr. Dieter Rentsch and Roman Rosslenbroich, the Group currently manages EUR 12.2 billion (AuM/AuA) for its clients worldwide (as at 31.03.2020). Last year Aquila entered into a strategic partnership with Daiwa Energy & Infrastructure.
The business centres on secular and sustainable trends in renewable energy, social housing, green logistics, infrastructure, timber and agriculture. Dedicated specialist investment teams with entrepreneurial mindsets draw on their sector networks and experience to screen, develop, finance, manage and operate investments along the entire value chain.
As this concept requires local management teams and a local presence, Aquila Capital is represented with 14 investment offices in 12 countries. Comprehensive operational capabilities, more than 300 employees at group level, intensive asset management and a passion for detail ensure asset and product performance as well as the timely deployment of capital.
Aquila Group believes in stringent corporate governance. With its two AIFMs in Luxembourg and Germany, it is subject to the highest European regulatory standards.
- The Aquila Capital ESG report 2018 provides details on how we incorporate ESG principles into our business and the respective measures we take.
- Successful start of trading for the Aquila European Renewables Income Fund on the London stock exchange
- 1.3m tonnes CO2 reduced emissions in 2019/ 4.4m tonnes CO2 Savings since 2006
Our Vision and Beliefs
Aquila Capital’s investment philosophy is based on a fundamental conviction that the creation of sustainable value for investors can only be achieved by an active investment management strategy. The company has defined policies with principles that meet the highest industry standards: Professionalism, long-term thinking and expertise, as well as creativity and innovational strength.
Drawing on its long-established experience and professional skills, Aquila Capital provides high quality investment advice to its clients. The company’s investment teams continuously examine investment markets and their investment vehicles and follow a clearly structured and disciplined investment process. This allows for the best use of strategies and concepts within an extensive network and a connection to global resources in order to access the most attractive potential investment opportunities.
Responsible investment is a central tenet of the company’s fundamental values. Aquila Capital believes that acting responsibly towards its environment, investors and employees will determine its success over the long term. The commitment to socially and environmentally accountable practices is reflected in the investment approach, and across all aspects of its business.
Investment process and research
Aquila Capital has a structured screening, due diligence and investment decision process. The high degree of standardization of the process is designed to ensure that no diligence or structuring items are missed, avoiding process inefficiencies and allowing for efficient execution speed.
Aquila Capital’s independent, asset-specific investment teams utilize their extensive sector network and experience to screen the market for potential investment opportunities. They are responsible for the due diligence analysis and economic assessment of targeted assets. They identify the risks involved to determine the potential viability of investments and optimized risk-return profiles.
Throughout the entire investment process, the investment teams work closely with the company’s independent teams in Risk Management, Valuation, Product Structuring & Tax, Compliance and Legal as well as external advisors to ensure a comprehensive audit of all assets and to identify additional value creation potential. This approach provides a thorough analysis of opportunities at an early stage of the acquisition process. Additionally, during the structuring of the investment, care is taken to align the structure as best as possible with the requirements of the investors.
Strategies and products
Aquila Capital is one of the most experienced investors in the real assets sector:
- Since 2006: Agriculture and timber
- Since 2008: Solar PV and hydropower
- Since 2009: Wind energy
- Since 2012: Real estate
Current flagship funds:
- The Aquila European Balanced Renewables Fund focuses on a balanced portfolio with investments in onshore wind energy, solar pv and hydropower in Continental Europe and Ireland. The Fund aims to acquire operational assets to generate income immediately. A small allocation to construction assets is expected to provide attractive risk-adjusted returns as the fund matures.
- The Aquila European Renewables Income Fund is a London-listed fund investing in a diversified portfolio of onshore wind energy, solar pv and hydropower assets across Continental Europe & Ireland.
The Aquila Infrastructure Fund intents to build a diversified infrastructure portfolio that focuses on operational, cash flow producing infrastructure assets (“brownfield”). The portfolio is constructed from a combination of funds (primary/secondary), direct or co-investments and equity and debt financing. The Fund was created to offer professional/semi-professional investors the possibility of participating in opportunities in the infrastructure asset class with a comparatively low minimum subscription combined with a high level of risk diversification.
An independent Compliance department has been established to provide full coverage for all Aquila Group’s entities. The team monitors compliance with legal requirements and regulatory standards and ensures adherence to ethical standards and stipulations, which are defined by internal guidelines and policies.
Aquila Group conducts its business with integrity, respecting applicable laws and regulations. The company has adopted principles that are applicable to all employees and underscore the importance of responsible behaviour by the company and its subsidiaries.
As part of the investment process, compliance is involved from the very beginning and supports the investment teams – e.g. in identifying or avoiding/controlling conflicts of interest.