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Laxman Pai, Opalesque Asia: US alternative investments giant Goldman Sachs Alternatives has launched a private credit strategy aimed at financing climate and environmental businesses, securing $1bn in initial institutional equity commitments.
The climate credit strategy is focused on senior debt, with the ability to invest across the capital structure for businesses operating in the sustainability sector.
"Sustainable solutions have emerged as a key thematic for many corporations, while innovation and scale are increasing the cost-effectiveness of many climate solutions, and policy considerations are creating unique market opportunities," said a press release from the investor in in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, hedge funds and sustainability.
Private debt capital allocated to sustainable investments remains significantly 'underrepresented' compared with private equity funding in the space, according to Goldman Sachs. Given regulatory changes, tax incentives, and the maturation of climate transition industries, companies are increasingly seeking flexible debt capital to meet their financing needs.
This new strategy is managed by the private credit business at Goldman Sachs Alternatives, with a global team with almost 30 years of investing experience in private credit and almost 20 years of investing in environmental and climate solutions. The business has invested over $...................... To view our full article Click here
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