The UK Energy Efficiency Investments Fund, managed by SDCL, is focused exclusively on energy efficiency project finance in the UK. The Fund was launched in 2012 and with the UK government’s Green Investment Bank (GIB) as the cornerstone investor and a partner in promoting this sector. The fund invests in energy efficiency retrofit projects and seeks a return based on savings achieved. This generates ongoing operational cost savings and carbon emission reductions as well as improvements to productivity and asset values, in compliance with current and prospective UK industrial and building regulations. The fund reached final close on 31st July 2014, when EIB and three new limited partners joined the partnership through a co-investment agreement. This brought the total commitment to more than GBP104m.