- Adds specialist renewable energy project development expertise to Federated Hermes’ institutional investment and asset management capabilities
- Further strengthens Federated Hermes’ Infrastructure platform for future growth
(PITTSBURGH, Pa. / London, United Kingdom, Apr. 8, 2025): Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today announced the completion of the acquisition of a majority stake in Rivington Energy Management Limited (“Rivington”), a leading UK-based renewable energy project development business by its London-based subsidiary, Federated Hermes Limited.
The Rivington acquisition combines specialist project development expertise with Federated Hermes’ institutional investment and asset management capabilities. The acquisition will provide investors with access to a pipeline of proprietary investment opportunities across the rapidly evolving energy transition sector for companies seeking innovative solutions to reduce both their energy costs and carbon footprints.
Rivington is comprised of three core business pillars in the energy transition sector: energy development, innovation and project management. The business has demonstrable expertise across a range of next generation energy transition growth sectors including energy efficient data centres, solar repowering, B2B energy solutions and co-located solar and battery energy storage.
Project development is undertaken by its Renewable Connections division that originates and consents complex renewable energy projects across a range of technologies. It has successfully consented more than 1GW of solar and storage across 25 projects in the UK since 2021.
Rivington’s 40-person London-based team is led by an experienced management team, with an extensive track record across a range of technologies and sectors, of establishing highly scalable businesses capable of deploying capital and generating attractive risk adjusted returns.
The Rivington business joins Federated Hermes’ existing Infrastructure platform which provides institutional investors with cost-effective access to high-quality infrastructure equity investments across the UK and Europe. Since inception in 2011, the Federated Hermes Infrastructure platform has invested total capital of $5.5bn on behalf of UK pension funds and global institutions and has returned over $1.5bn of capital to investors since 2020*. Federated Hermes infrastructure assets under management were $2.8 billion at the end of 2024.
We are excited to announce the acquisition of Rivington and welcome one of the most established teams in the UK energy transition sector to Federated Hermes. This represents a significant next step in the evolution of our Infrastructure business, as we build out our capabilities to create increasingly bespoke proprietary investment opportunities for institutional investors.
Perry Noble, Co-Head of Federated Hermes Infrastructure
We are excited to be joining Federated Hermes who share our vision and ambition to meet and fund the future energy needs of the UK. In combining Rivington’s core business pillars with Federated Hermes’ access to institutional capital and investment management expertise, we have a compelling opportunity to offer investors with unparalleled access to a broad range of new investment opportunities, while seeking to deploy capital at scale and deliver consistent risk adjusted returns.
Michael Hughes, the Chief Executive Officer of Rivington
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* As at March 31, 2025
