Macquarie Asset Management has announced that it is to take a $1.725bn stake in D. E. Shaw Renewable Investments.

Macquarie Asset Management will take the stake via a number of MAM-managed funds. These include the Macquarie Global Infrastructure Fund, the Macquarie Green Energy and Climate Opportunities Fund and the Macquarie Energy Transition Infrastructure Fund International. D E Shaw RI develops, owns, and operates utility-scale solar, wind, and battery storage projects throughout the US.

Christopher Frost, Senior Managing Director, Macquarie Asset Management – Real Assets, said, “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. This transaction underscores MGIF’s objective of expanding our global portfolio of diversified core infrastructure assets.”

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