

Global investment firm, KKR, has led a significant structured investment in Arevia Power (Arevia), a US renewable energy developer, through its managed insurance accounts.
Strategic participation has been carried out by GCM Grosevenor, a global alternative asset management solutions provider, and the investment will support Arevia’s accelerated growth and development of new solar and wind projects throughout the US.
Arevia managing director Mark Boyadjian said: “KKR is an outstanding new strategic partner with deep renewables and infrastructure experience, and GCM Grosvenor is an equally accomplished infrastructure investor who has also been particularly successful in investing in partnership with organised labour groups.
“Together, this platform investment and new relationship with two world-class investment firms will super-charge our development of clean energy solutions while delivering good-paying jobs and leading the way on responsible investment.”