Clean Energy Transition LLP (“the Firm”) launched on December 1, 2021 via the spin-out of
Lansdowne Partners (UK) LLP’s (“Lansdowne”) Global Energy Team and its range of funds.
The Firm was established on 26 March 2021 by its initial partners:
• Per Lekander, the majority owner of the Firm and its Portfolio Manager and Chief
Executive Officer;
• Eirik Hogner, the Firm’s Chief Financial Officer and Deputy Portfolio Manager;
• Benjamin Singh, the Firm’s Chief Operating Officer and Chief Compliance Officer;
and
• Paul Sheppard, the Firm’s Head of Trading.
Together with Sophia Hart, Partner and Strategist, the above individuals form the Firm’s
Executive Committee.
The Firm is authorised and regulated by the Financial Conduct Authority (“FCA”) in the
United Kingdom and provides investment advisory services on a discretionary basis to its
clients, including unauthorised commingled investment vehicles, intended for institutional and
other sophisticated investors, as well as delegated mandates for certain sub-funds within
Irish domiciled ICAVs authorised by the Central Bank of Ireland as Qualifying Investor
Alternative Investment Funds (collectively “the funds” or “the clients”).
The funds managed by the Firm can be grouped as follows:
• Energy Dynamics Funds – equity long/short funds investing in core energy sectors
(oil and gas,
renewables, utilities, infrastructure and commodity futures) and energy
linked sectors (capital goods, transport, technology, autos and mining).
• Clean Energy Funds – equity long only funds investing in clean generation
equipment, new energy technologies, renewables operators, electricals,
infrastructure and power generators that have demonstrated a path to sustainability.
Each fund and sub-fund managed by the Firm contains a number of different share classes,
which differ as to matters such as reporting currency, minimum investment, redemption
terms, treatment of income and fees.
The funds have entered, and the Firm may in the future enter, into agreements with certain
significant or strategic investors in the applicable fund, whereby such investors may be
subject to terms and conditions that are different from, or more advantageous than, those
set forth in such fund’s offering documents.
The information contained in this Brochure summarises the details contained within the
offering documents prepared for each of the funds. The Brochure is not required to provide
all the information which a prospective investor will require prior to making an investment.
As at 31 March 2023, the regulatory assets under management attributable to the funds
managed by the Firm stood at approximately US$3.674 billion (all of which is managed on a
discretionary basis).