Macquarie Asset Management to acquire a minority stake in D. E. Shaw Renewable Investments for $1.73bn.

Macquarie Asset Management, a financial services group, agreed to acquire a minority stake in D. E. Shaw Renewable Investments, a renewable energy firm, for $1.73bn. “We are excited to invest in DESRI, an energy transition platform of scale with a proven, highly-regarded management team and a large base of operating assets which we expect will grow over the medium term through the successful completion of late-stage projects,” Christopher Frost, Macquarie Asset Management Senior Managing Director.