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Institutions back “world’s first” water infra fund

The Swedish National Pension Fund AP1 and the pension plan of BAE Systems are among institutions that have backed a fund investing in water infrastructure.

The Resonance Industrial Water Infrastructure fund, which is domiciled in Guernsey, is described as the “world’s first” institutional fund to invest exclusively in the water infrastructure sector.

Resonance Asset Management (RAM), the London firm managing the fund, made the announcement earlier this week saying it had raised $300 million to invest in water projects globally.

RAM said the commitments were “proof of a growing recognition among investors of the potential value to be found in the burgeoning global industrial water treatment industry”.

The industry is worth £53 billion (€62.7 billion) and is expected to grow at a rate of 8.6% per annum until 2020.

The lack of sufficient water for industrial businesses in certain regions to operate their facilities efficiently is driving increased investment in new facilities designed to meet these challenges, said RAM.

The firm is part of Fidante Partners, which has total assets under management of $31.2 billion (€28 billion).

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