PCP Co-Investment I is an Actively Managed Certificate (“AMC”) which allows for participation in the performance of the underlying investments in Riverstone Energy Ltd, a listed closed end fund which has a promising future and which trades at a substantial discount to NAV. The investment manager has conducted a thorough analysis of the underlying companies within the fund. These underlying investments are split within two categories: legacy oil/ gas investments and the new decarbonisation (i.e., renewables) investments. The fund's board intends to transition the focus to decarbonisation investments over time. Furthermore the fund has an active approach to share buy backs which will further enhance the NAV performance. The discount is expected to narrow as shares are bought back further and as the new decarbonisation investments become dominant.