General Atlantic’s BeyondNetZero climate growth fund is set to acquire a 24.9% minority stake in Sustainable Development Capital LLP (SDCL), pending regulatory approval. As part of the investment, Michael Bevan, General Atlantic’s Managing Director, will join SDCL’s board of directors. SDCL, with assets under management of $2.5 billion, specializes in sustainable energy infrastructure focused on energy efficiency and decarbonization. Notable clients include Citigroup, the UK National Health Service, and Rolls Royce. In addition to General Atlantic, Tony Davis, CEO & CIO of Inherent Group, will become a shareholder and advisor to SDCL. General Atlantic aims to support SDCL in expanding its operating capabilities for scalable net-zero solutions. The transaction, anticipated to complete in the coming months, signifies SDCL’s ongoing growth trajectory and solidifies its role in the decentralized energy market.
Private Equity, Energy Efficiency, Sustainable Development,United Kingdom, United States