Altus Power offers solar developers and construction companies the full suite of financial services and is viewed in the market as a flexible partner in developing solar assets. In addition to investing in operational and construction-ready solar projects, Altus Power invests capital to develop projects in the form of early land option payments or feasibility studies with the aim of creating value for investors and clean energy savings for its clients.
Lars Norell, Co-founder and Managing Partner, added, "Solar energy is a proven technology which is attracting substantial interest from customers as well as investors. Altus Power's platform serves corporate and public energy consumers by building solar energy systems and delivering savings in a growing number of states. We are pleased to be partnering with such sophisticated and substantial investment partners who have the capacity to support Altus' continued growth as we partner with solar developers in a transparent and predictable manner."
Altus Power's leadership has extensive experience in the finance and renewable energy development sectors and the Altus Power team has broad-based experience in operations, construction management, sales, marketing and administration.
"We believe Altus Power represents a terrific opportunity to participate in a rapidly growing sector with attractive investment characteristics. We are delighted to be partnering with this best-in-class investment team which has been able to produce compelling and differentiated risk-adjusted returns for its investors," said J. Richard Blewitt, Managing Director, GSO Capital Partners.
About Global Atlantic Financial Group
Global Atlantic Financial Group, through its subsidiaries, offers a broad range of retirement, life and reinsurance products designed to help our customers address financial challenges with confidence. A variety of options help Americans customize a strategy to fulfill their protection, accumulation, income, wealth transfer and end-of-life needs.
Global Atlantic was founded at Goldman Sachs in 2004 and separated as an independent company in 2013. Its success is driven by a unique heritage that combines deep product and distribution knowledge with insightful investment and risk management, alongside a strong financial foundation of over $50 billion in total assets.
About GSO Capital Partners and FS Investments
GSO Capital Partners, with approximately $85 billion in assets under management, is the credit platform of The Blackstone Group, a leading global institutional alternative asset manager and provider of financial advisory services, with assets under management of approximately $356 billion.**
FS Investments is a leading asset manager that designs alternative investments to help institutional, advisory and individual investors build better portfolios. Its solutions provide access to alternative asset classes and top managers through a spectrum of structures, including business development companies, closed-end credit funds and operating companies. The firm is dedicated to setting industry standards for investor-centric service, education and transparency.
FS Investments was founded in 2007 as Franklin Square Capital Partners. It is headquartered in Philadelphia with offices in Orlando and Washington, DC. The firm currently manages six funds with over $18 billion in assets under management as of June 30, 2016, and co-manages an operating company. Its affiliated broker-dealer, FS Investment Solutions, LLC (member FINRA/SIPC), distributes its offerings.
** As of June 30, 2016.
About Altus Power America Management, LLC
Altus Power America Management, LLC is a Greenwich, CT-based company that invests in, owns and operates clean energy projects. The partners' financial expertise and backgrounds in construction, engineering and design combined with the firm's institutional sponsorship provide an efficient and scalable platform to provide renewable energy and solar solutions to commercial and public sector clients. Visit www.altuspower.com for more information.
Media: Contact Altus Power at 203.698.0090 or email@example.com
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SOURCE Altus Power America Management, LLC