EIG partners recently approved two new US stocks for potential investment: Hannon Armstrong Sustainable Infrastructure Capital, a provider of financing for sustainable energy and infrastructure projects, and Xylem, a provider of technology and equipment for water and wastewater applications.
Hannon Armstrong (HASI), headquartered in Annapolis, Maryland, is dedicated to sustainable energy and infrastructure projects. It does not own infrastructure itself, but rather provides financing for projects that reduce greenhouse gas emissions and mitigate the impact of, or increase resilience to, climate change. Founded in 1981, HASI has about 50 employees and has been publically traded since 2012, structured as a Real Estate Investment Trust (REIT).
Xylem is a leading global water technology provider, headquartered in New York, that designs and manufactures technologies and equipment for water and wastewater applications. Its services are provided to public utilities, residential, industrial and agricultural industries, encompassing all stages of the water cycle: transportation, treatment, testing, monitoring and data analytics, and consumption. With a recent acquisition, it also aims to become a major player in the market for smart metering.
The full text of the proposals for these two companies, as presented to EIG partners for their vote, can be accessed from the Recent Equities Proposals page of the EIG website. They include sections on: Why of interest to EIG; Potential concerns for EIG; Company profile; and links to financial information.
EIG has now invested in both the above-mentioned stocks
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