Sustainable Development Capital, a specialist investment firm, completed the acquisition of Volery Capital, a private equity firm investing in rapidly growing companies that power the energy transition, from Ares Management, a private equity firm. Financial terms were not disclosed. “We are in uniquely exciting times for the energy transition, and the financial sector has a vital part to play in delivering net zero. Sustainable Development Capital was founded with a view to help unlock capital to deliver decarbonisation at scale. We've been lucky to benefit from Volery’s support for many years and I am excited to bring them formally into the SDCL group to help us broaden the type of financing options we are able to provide. I look forward to seeing what can be achieved in private equity over the next decade as the world moves from making climate pledges to delivering on them at pace and scale," Jonathan Maxwell, SDCL Founder and CEO.