Aware Super’s investment was made by its Jenny Newmarch-led private equity unit, which aims to deploy 50 per cent of its $10.2 billion pool on co-investments. Last year, the team added Alex Satchcroft, previously a dealmaker at New York distressed debt investor Anchorage Capital Group, who lead the charge on the Galway investment.
“GSC has exceptionally strong tailwinds as many solutions for the global energy transition challenge require significant upfront capex, creating an opportunity for financing these solutions for years to come,” Satchcroft, Aware Super’s portfolio manager for private equity said.
“The additional push arising out of the Inflation Reduction Act (IRA) will also fan existing sectorial tailwinds to potentially deliver strong risk-adjusted returns for our members here in Australia.”
William Demas, head for GIG for Americas, oversaw the deal for MAM.