PIC invests £38m in rail and freight company

Railway and freight investment supports decarbonisation aims of both firms

Jasmine Urquhart
clock • 1 min read
Streem Group, formerly known as Ermewa, has seen a £38m investment from PIC
Image:

Streem Group, formerly known as Ermewa, has seen a £38m investment from PIC

The Pension Insurance Corporation (PIC) has invested £38m of debt in freight and railcar leasing company Streem Group.

The investment will support the Streem Group's global decarbonisation strategy and PIC's commitment to invest in low-carbon and cost-efficient transportation assets. The Swiss company has more t...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Investment

The framework developed by Railpen will determine if investors have the means to invest in illiquids

Railpen launches illiquid investments framework

Framework aims to assist pensions industry with how to approach illiquid investments

Martin Richmond
clock 07 December 2023 • 3 min read
London CIV has invested £50m into Octopus Investments' Affordable Housing Fund

London CIV invests £50m in affordable housing fund

Octopus Investments’ Affordable Housing Fund achieves first close with help of London CIV

Jasmine Urquhart
clock 07 December 2023 • 1 min read
Jill Henderson Head of Business Development, Scottish Widows

Partner Insight: Let's make women's retirement better

Report shows the stark financial challenges many women face

Jill Henderson Head of Business Development, Scottish Widows
clock 07 December 2023 • 3 min read
Trustpilot