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Alternative Market Briefing

Oaktree takes stake in Galway Sustainable Capital

Wednesday, July 28, 2021

Laxman Pai, Opalesque Asia:

The global alternative investment management firm Oaktree Capital Management made a minority equity investment and provided a new multiyear credit facility for the ESG Investor Galway Sustainable Capital (GSC).

Under the terms of the deal, GSC secured an investment of $265m for a minority equity stake and closed a new, multi-year, multi-tranche credit facility with Oaktree.

GSC is private equity-backed by lead investor Cordillera Investment Partners. GSC was founded in 2020 by three experienced ESG professionals who collectively bring over 50 years of expertise in structured finance, sustainable infrastructure, and yield-oriented investments.

Galway provides flexible debt and equity capital for companies, developers, and private equity firms investing in sustainable infrastructure, such as distributed renewable energy, energy efficiency, and green buildings, and carbon remediation. It is focused on modular, distributed, and localized projects with typical individual investments of $50 million and under.

"We are pleased to expand our GSC partnership to include Oaktree to help us scale our business and broaden our reach. Oaktree's team has an outstanding track record of building successful financial institutions. With their infusion of capital and alignment around our ESG goals we look forward to growing this platform to its full potential while accelerating the transition to greater resilience and sustainability," said Jennifer von B......................

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