Sovereignwealthfunds, in particular, are attractive investors to GManditsbankersbecausetheytend to hold investmentslong-term, providingstability for thecompany.
In the current issue of Forbes, I write about moves by solar companies SunRun and SolarCity to bundle leases for residential photovoltaic arrays into asset-backed securities that can be sold to pension funds, insurance companies and other institutions seeking long-term investments that generate steady cash flows.
As a result, national governments are being urged to consider more private-public partnerships, while new guidelines are suggested to make it easier for pensions fundsand sovereign wealth funds to make long-term investments.
Now Fenster is leading the charge to bundle those residential solar leases into securities that can be sold to pension funds, insurance companies and other institutions looking for long-term investments that offer a steady cash flow.