A new type of financial advisory firm is packaging clean-energy deals to make them attractive and big enough to grab hundred-million dollar checks from pension and sovereign wealth funds.
The awkwardly titled Aligned Intermediary (AI), led by Peter Davidson, former head of the Department of Energy’s loan guarantee program, has landed at least nine big clients that have collectively committed to deploy more than $1.4 billion toward climate solutions. Clients are already moving money, according to a Forbes post from Dr. Bob Eccles, the founding chairmen of the Sustainability Accounting Standards Board.
Climate deals are often too risky, too small, or too opaque for the institutional giants. AI surfaces and seeds climate and clean-energy projects, maps markets and coordinates capital among investors with varying risk-return-impact appetites to make deals work for its large clients. The firm also helps investors track impact and benchmark their climate investments.
Read the full article about how Aligned Intermediary is makes climate deals work by Dennis Price at ImpactAlpha.
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