PE Tech Report


Like this article?

Sign up to our free newsletter

GSSG Solar holds final close of GSSG Solar Partners III

GSSG Solar (GSSG), a solar focused renewable energy investment manager, has held the final closing of GSSG Solar Partners III (fund III), and affiliated funds with USD196 million in aggregate capital commitments.

Over 95 per cent of investors from GSSG’s previous fund made commitments to Fund III along with a marquee set of institutional investors, endowments, and family offices. The GSSG Solar team will seek to deploy the capital in Fund III through investments in late-stage solar projects located primarily in Japan, Taiwan and South Korea to generate long-term capital appreciation for our investors. Each of the fund’s target markets is supported by high quality feed-in-tariffs designed to stimulate local renewable generation and clean energy jobs in these developed APAC economies.

Tomakin Archambault, Managing Partner and co-founder of GSSG, says: “We are thankful for the support of our existing investors and thrilled by the confidence shown from over twenty new investors. We believe our differentiated investment approach and track record were a critical component to successfully complete our fundraising through the COVID period. We have begun to invest Fund III with our first Taiwanese project now in the portfolio. Across our three primary offices, all members of the GSSG team look forward to delivering top-tier financial results while contributing to the decarbonisation of the global energy supply.”

Morrison & Foerster LLP acted as legal counsel to Fund III.

Like this article? Sign up to our free newsletter