KKR and GCM Grosvenor invests in renewable energy developer Arevia Power

The investment will support Arevia's accelerated growth and development of new solar and wind projects throughout the U.S.

  • Arevia was founded in 2015 and is headquartered in Glendale, California
  • Amis, Patel & Brewer LLP served as legal advisor to KKR and Allen & Overy served as legal advisor to GCM Grosvenor
  • Willkie Farr & Gallagher LLP and Munish Dayal, Arevia’s outside general counsel, served as legal advisors to Arevia Power

KKR and GCM Grosvenor have made an investment in Arevia Power, a renewable energy developer. No financial terms were disclosed.

The investment will support Arevia’s accelerated growth and development of new solar and wind projects throughout the U.S.
Arevia was founded in 2015 and is headquartered in Glendale, California.

“We’re thrilled to build on our strategy of investing behind premier developers like Arevia as the need and demand for renewable energy rapidly accelerates,” said Samuel Mencoff, a director on KKR’s asset-based finance team, in a statement. “Arevia’s experience successfully executing critical development projects and deep network position it at the forefront of the industry amid strong economic and public policy tailwinds. We look forward to supporting the company in its efforts to shift toward cleaner sources of energy supply.”

Since 2011, KKR and its subsidiaries have deployed over $15 billion in equity to invest in renewable assets, such as solar and wind, which have an operational power generation capacity of over 23 GW, as of December 31, 2021. KKR is making its investment in Arevia from its managed insurance accounts. The investment from GCM Grosvenor will come from its infrastructure practice.

Willkie Farr & Gallagher LLP and Munish Dayal, Arevia’s outside general counsel, served as legal advisors to Arevia Power. Amis, Patel & Brewer LLP served as legal advisor to KKR and Allen & Overy served as legal advisor to GCM Grosvenor.

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions.
GCM Grosvenor has about $71 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies.