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Temporis Capital
Temporis Capital was founded in 2009 by Nick Chew and Ed Hodgson, two former Macquarie Bank infrastructure bankers who brought institutional structuring...
Temporis Capital
Temporis Capital was founded in 2009 by Nick Chew and Ed Hodgson, two former Macquarie Bank infrastructure bankers who brought institutional structuring discipline to the then-nascent clean-energy asset class. The firm launched shortly after the financial crisis, competing for deals when few dedicated renewables fund managers existed in the UK market. Its first vehicle, Temporis I, raised £50 million and set the pattern: acquire operating-stage renewable energy projects with long-term contracted revenue streams rather than taking development or construction risk. The firm invests primarily in operational wind, solar, run-of-river hydro, and anaerobic digestion assets across the UK and Ireland, with selective exposure in France and Scandinavia. It structures transactions as direct equity acquisitions, typically taking control positions, and has also participated in co-investment consortiums alongside infrastructure funds and pension pools. Confirmed underlying assets over the years have included onshore wind farms in Scotland, solar parks in southern England, and a portfolio of run-of-river hydroelectric schemes in North Wales. Temporis's Investment Adviser is authorized and regulated by the Financial Conduct Authority, reflecting a formal institutional compliance posture that distinguishes it from less regulated clean-energy investment vehicles. The firm has managed multiple vintage funds under the Temporis name. Temporis II closed above target in 2016 at over £100 million in commitments from institutional limited partners including European family offices, pension funds, and a UK local government pension scheme. A subsequent co-investment vehicle raised additional capital to acquire a portfolio of operational wind farms from a distressed seller in 2018 (per Infrastructure Investor, 2018). The firm's headcount has historically been modest, in the range of 15–20 professionals operating from London, with a deal team that combines principal-investing and project-finance backgrounds. The original co-founders remain actively involved in investment decisions. Temporis occupies a structurally distinct position as a pure-play renewable infrastructure manager in a market dominated by generalist infrastructure mega-funds. It does not compete for airport, port, or utility network deals. That narrow mandate creates a sourcing network specific to clean-energy developers and project owners who seek mid-market buyers with technical underwriting capability. Governance follows an FCA-regulated AIFM structure, and the firm has historically used yield-focused pooled vehicles rather than perpetuity structures, creating fund-cycle discipline that ties realized performance to explicit capital returns.
General information
Firm type
Asset Manager
Year founded
2009
AUM
$100M – $500M (Altss estimate)
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
London, United Kingdom
Principals
Nick Chew
Managing Partner
Ed Hodgson
Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Temporis Capital?
The firm is led by co-founders Nick Chew and Ed Hodgson, who both serve as Managing Partners and sit on the investment committee. The two worked together at Macquarie Bank's infrastructure division before leaving in 2009 to launch Temporis. Their joint tenure and narrow renewable-energy mandate mean investment decisions consolidate through a small senior team rather than a large committee structure.
What is Temporis Capital's investment strategy?
Temporis acquires operational renewable energy assets — predominantly onshore wind, solar, run-of-river hydro, and anaerobic digestion — with contracted or regulated revenue streams. The firm avoids development and construction-phase risk, targeting projects that are already generating cash flow under feed-in tariffs, renewable obligation certificates, or power purchase agreements. Geographically, the focus is the UK, Ireland, and Western Europe.
Does Temporis invest directly or through other fund managers?
Temporis invests directly as a principal, acquiring controlling or majority equity stakes in single assets or portfolios. It does not operate as a fund-of-funds, though it has historically raised pooled institutional vehicles — Temporis Inception Fund I and II — rather than deploying on a deal-by-deal basis. The firm is structured as an FCA-regulated Alternative Investment Fund Manager.
What kind of returns has Temporis generated for investors?
Temporis sold its Rheidol hydro portfolio, a 36 MW collection of run-of-river assets in Wales, to Norwegian utility Statkraft in April 2021. The exit represented a full realization for investors in Temporis II. Prior vehicles have disclosed hurdle-rate structures typical of infrastructure funds, with target net IRRs in the 8–12% range (per public fund marketing materials cited by LP consultants).
How does Temporis source renewable energy deals?
The firm's sourcing relies on the co-founders' two-decade network in European clean-energy development and project finance. It transacts directly with project developers, independent power producers, and occasionally distressed sellers seeking a fast, technically competent buyer. Temporis's narrow operational-asset mandate means it sees pre-filtered deal flow that larger generalist funds may not pursue.
Who backs Temporis Capital as limited partners?
The investor base has included European family offices, a UK local government pension scheme, and institutional pension funds. The second fund specifically attracted commitments from a UK LGPS pool, a Scandinavian pension fund, and several European single-family offices seeking inflation-linked yield from contracted renewables.
Is Temporis Capital structured as a family office?
No. Although the principals may have personal capital co-invested alongside fund vehicles, Temporis is a third-party asset manager that raises blind-pool funds from external institutional limited partners. It is authorized as a full-scope UK AIFM, not a single-family-office vehicle.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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