REST makes impact allocation in its PE book

REST has made a US$75 million ($112 million) impact investment allocation to a private equity fund expected to “benefit from the long-term decarbonisation and deglobalisation of the global economy”.  

The fund (the Delta fund managed by TowerBrook Capital Partners), will invest in mid-sized private companies that contribute to at least one of UN’s Sustainable Development Goals. 

In addition to the fund commitment, Rest will make a co-investment with TowerBrook in LiftWerx, a Canadian firm that specialises in servicing wind turbines with its ‘up-tower’ crane technology. 

TowerBrook is a London and New York -based investment manager that specialises in private equity impact investments.