Zouk Capital, a London-based fund manager with a focus on Europe, has appointed former Macquarie Bank senior managing director Erich Becker as a partner in its renewable energy and environmental infrastructure team. He will co-head the team with Colin Campbell, who has led the firm’s infrastructure activities since 2007.
Becker has 15 years of energy infrastructure experience, latterly at Macquarie. A statement from Zouk said he devised “a merchant banking approach to commodity investments” during his time there. He had previously had spells at hedge fund manager Och-Ziff Capital Management and investment bank Goldman Sachs, in both cases focused on principal investments in energy assets. He also has operational experience of managing power generation assets.
The appointment of Becker coincides with the launch of Zouk’s second infrastructure fund, which has a target size of €200 million. According to Zouk investor relations associate Patrick Shuttleworth, the fund represents an expansion of the firm’s infrastructure strategy to focus on a “full remit” of renewable energy opportunities including solar, wind, geothermal, water and recycling. The firm’s first infrastructure vehicle raised €52 million and was focused on solar projects.
As well as its infrastructure strategy, Zouk has also raised two funds focused on private equity-style cleantech opportunities. It billed the latest of these, which closed on €230 million in June this year, as Europe’s largest-ever clentech-focused investment vehicle. That fund also set out with a target size of €200 million.