Sustainable Development Capital LLP Announces Minority Investment from ’s BeyondNetZero Fund
Summary
General Atlantics BeyondNetZero fund is to acquire 24.9% of SDCL, subject to regulatory approvalAs part of its investment, General Atlantic BeyondNetZero Managing Director Michael Bevan will join SDCLs board of directorsSeparately, Tony Davis, CEO & CIO of Inherent Group and a co-founder of Anchorage Capital Group, has become a shareholder of SDCL and will serve as an advisor to the CompanyThese investments reinforce SDCLs position as a preeminent investment firm focused on efficient and decentralised generation of energy (EDGE) marketsLONDON & NEW YORK Sustainable Development Capital LLP (SDCL or the Company), a market leading developer, investor and fund manager focused on energy efficiency and decarbonisation solutions globally, is pleased to announce a minority investment from General Atlantic, a leading global growth investor, through the firms BeyondNetZero climate growth fund. SDCL, which has assets under management of $2.5 billion, has a proven track record in delivering solutions for major technology, healthcare, commercial, industrial, and public sector clients. Solutions include enterprise and hyper-scale data centres, hospitals, heavy and light industrial facilities, universities, warehouses, and hotels.The Company deploys a wide range of commercially proven technologies such as on-site renewables including solar paired with storage, renewable heat and cogeneration, as well as energy conservation measures such as LED lighting, energy efficient heating and cooling, motors, building management systems and controls. We have known the BeyondNetZero team for years and believe that with their partnership, we hope to back the best of these businesses and to enable the further scaling of energy efficiency solutions worldwide.SDCL was represented by Herbert Smith Freehills. General Atlantic was represented by Freshfields Bruckhaus Deringer with additional support from Deloitte.General Atlantic joins Emigrant Partners, a New York based strategic capital provider that invested into SDCL in 2022, as an investor in the Company.Jenny Souza, CEO & President of Emigrant Partners said, We are thrilled to see SDCL continue to experience impressive growth and success, while also being such a thoughtful and impactful organization.