What is Altus Power?
Altus Power operates as a comprehensive solar energy provider, developing, owning, and managing commercial-scale solar arrays to deliver clean electricity to businesses, municipalities, and residential customers across the nation. The company's business model focuses on generating revenue through the sale of electricity, contributing to the renewable energy sector's growth and sustainability efforts.
How much funding has Altus Power raised?
Altus Power has raised a total of $2.1B across 8 funding rounds:
Private Equity
$30M
Private Equity
$125M
Unspecified
$205M
Unspecified
$483M
Other Financing Round
$850M
Debt
$141.3M
Debt
$204M
Debt
$100M
Private Equity (2013): $30M with participation from Catlin Group
Private Equity (2014): $125M led by Blackstone, Franklin Square Capital Partners, and GSO Capital Partners
Unspecified (2016): $205M supported by Global Atlantic Financial Group, Goldman Sachs, and FS Investments
Unspecified (2017): $483M, investors not publicly disclosed
Other Financing Round (2020): $850M backed by Blackstone Insurance Solutions and GSO Capital Partners
Debt (2023): $141.3M with participation from KeyBanc National Association
Debt (2023): $204M led by Blackstone
Debt (2024): $100M supported by Goldman Sachs Asset Management and CPP Investments
Key Investors in Altus Power
Blackstone
Blackstone is a global investment firm specializing in private equity, real estate, credit, and strategic alternatives, known for building and managing diversified asset portfolios and creating long-term value through disciplined investment strategies.
FS Investments
FS Investments, formerly FS Investment Corporation, is an investment management firm focused on generating current income and long-term capital appreciation through investments in private middle market companies, often in senior secured loans and subordinated debt.
Goldman Sachs Asset Management
Goldman Sachs Asset Management is a global investment management firm that provides comprehensive investment and advisory services to institutions, financial advisors, and individuals, focusing on long-term performance across traditional and alternative investments.
What's next for Altus Power?
The substantial enterprise-level funding and strategic investments indicate Altus Power is poised for accelerated growth and market penetration. This financial backing will likely fuel the expansion of its solar infrastructure, enhance its operational capabilities, and potentially support strategic acquisitions or partnerships. The company's continued focus on developing and operating solar assets positions it to capitalize on the increasing demand for renewable energy solutions and the ongoing transition towards a cleaner energy future.
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