Financial backing of $1.3 billion secures Galvanize's initiative for offering credit solutions to energy transition projects.
In a significant move, Galvanize, a leading investment firm, has announced the launch of a new Credit and Capital Solutions strategy, backed by a $1.3 billion investment program. This strategy is poised to play a pivotal role in the energy transition, focusing on providing flexible financing across various sectors such as power, manufacturing, efficiency, and resilience.
At the helm of this strategy are experienced industry veterans. Chris Creed, Managing Partner at Galvanize, brings his extensive background as the former CIO of the U.S. Department of Energy's Loan Programs Office to the table. John Delaney, another Managing Partner, is a former Member of Congress and the founder of several specialty lending companies.
The strategy is further bolstered by a team with deep energy transition expertise. Executives from esteemed organisations like the Department of Energy, GE, Goldman Sachs, and Riverstone are part of this team. Katie Hall, Co-Executive Chair & CEO of Galvanize, emphasised that the team draws from decades of experience scaling investment strategies to build a returns-driven platform focused on the energy transition.
The strategy is uniquely positioned to finance complex and underserved segments of the energy ecosystem, from mid-market developers to large-scale infrastructure rebuilds. It aims to provide capital solutions that support projects getting built on the ground, with a focus on utility-scale renewables, storage, fleet electrification, energy efficiency, and advanced materials manufacturing.
The institutional appetite for private credit is growing, and Galvanize's strategy is well-timed. Nearly one-third of global family offices are planning to increase allocations to private credit, making it the alternative asset class with the most planned increases in allocations, according to a recent survey of 175 global family offices.
The strategy has already garnered support from 20 institutions, who have joined the $1.3 billion fund focused on electrification, efficiency, manufacturing, and resilience projects in the USA, Canada, and Europe.
Meghan Pasricha, a partner at Galvanize, brings her experience from Riverstone to the table, while Suresh Vasan, another partner, previously worked at GE Energy Financial Services. Anatoly Bushler, yet another partner, previously worked at Farallon.
The Credit and Capital Solutions strategy is a cornerstone of Galvanize's work focused on the energy transition. As the world moves towards a sustainable future, Galvanize's strategy promises to provide the necessary financing to make this transition a reality.
