Macquarie Asset Management (MAM) has agreed to acquire a significant minority stake in D. E. Shaw Renewable Investments (DESRI) a renewable-energy company that develops, owns and operates utility-scale solar, wind and battery-storage projects throughout the United States.
MAM will invest up to $1.725 billion in DESRI via its Macquarie Global Infrastructure Fund (MGIF), Macquarie Green Energy and Climate Opportunities Fund (MGECO) and Macquarie Energy Transition Infrastructure Fund International (METI).
“We are excited to invest in DESRI, an energy-transition platform of scale with a proven, highly-regarded management team and a large base of operating assets, which we expect will grow over the medium term through the successful completion of late-stage projects,” said Christopher Frost, senior managing director, Macquarie Asset Management – Real Assets. “This transaction underscores MGIF’s objective of expanding our global portfolio of diversified core infras