'This partnership represents an exciting development for Vesper,' said Vesper Energy President and Chief Executive Officer Craig Carson. Vesper Energy currently has a 17 GW pipeline of solar and energy storage projects in North America, including 1.5 GW of de-risked, advanced-stage assets in the high-growth energy markets of CAISO, ERCOT, PJM, and MISO. The investment will advance Vesper Energy's growing portfolio of utility-scale solar, solar and energy storage, and standalone energy storage projects.
GCM Grosvenor's investment is part of its Infrastructure Advantage Strategy, which focuses on unlocking value in infrastructure through close partnership between labor, government, and private capital. GCM Grosvenor, a global alternative asset management solutions provider, joins the existing investor group for Vesper Energy, led by Magnetar Capital ('Magnetar'), an alternative asset manager.
13, 2023 /PRNewswire/ - Vesper Energy, a developer, owner, and operator of utility-scale renewable energy assets, announced today that GCM Grosvenor (NASDAQ: GCMG) has committed to invest up to $100 million in Vesper Energy over the next 12 months and acquire a minority ownership stake in the company.
