13th Jan 2021 13:37
Riverstone Energy Ltd - energy industry-focused investor - Signs agreement to invest USD25 million in Roseville, California-based sustainable home improvement fintech provider Loanpal LLC, with investment vehicle Riverstone Global Energy & Power Fund VI investing USD50 million. In total, Riverstone affiliated investment vehicles invest USD75 million in Loanpal. Riverstone Energy says Loanpal investment represents its "continued focus on originating and executing investments that support the portfolio's focus on environmental, social and governance considerations, while also providing the opportunity to generate strong returns for shareholders."
Riverstone believes it is "well-positioned" to expand lending volumes into the home improvement and efficiency markets, which are likely to increase as global economies work towards decarbonisation goals, it says.
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By Zoe Wickens; [email protected]
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