Veteran venture capitalist Jon Moulton is set to power a new £400m energy infrastructure fund

 
Shruti Tripathi Chopra
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Director of the British company Alchemy, Jon Moult
Veteran venture capitalist Jon Moulton is a non-executive director on Greensphere Capital (Source: Getty)

A sustainable energy and infrastructure investments firm backed by veteran venture capitalist Jon Moulton is set to launch a new £400m fund.

Greensphere Capital is considering setting up a new fund that will work on projects including solar farms and power lines.

Moulton, the founder of Better Capital, is a non-executive director of Greensphere Capital and has a minority stake in the firm, he told City A.M. today.

Greensphere Capital’s investments include a biomass plant in Port Talbot which produces enough electricity to power 28,000 homes.

Former Goldman Sachs banker Divya Seshamani, who is managing partner at Greensphere, will be in charge of the new investment fund's launch.

Read more: Moulton on his next big deal, his firm's exit and why he won't forgive Fox

Previously, Seshamani worked in an infrastructure group run by Singapore’s sovereign wealth fund.

She was also an independent non-executive director at Marine Current Turbines and served as a council member of the Royal Institute of International Affairs.

In March, Moulton sold struggling fashion retailer Jaeger to a mysterious buyer who was believed to be Edinburgh Woollen Mill owner Philip Day. The reclusive retail tycoon has also snapped up other embattled fashion chains such as Austin Reed and Jane Norman.

The private equity tycoon, is best known for leading Alchemy Partners’ bid to buy MG Rover from BMW in 2000, which ultimately lost out to a rival offer from the Phoenix Consortium. He was branded the Christmas Scrooge in December 2014 when City Link collapsed into administration leaving nearly 2,700 jobs at risk.

Read more: Jaeger is officially up for sale, confirms private equity guru Jon Moulton

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