Announced

Completed

GCM Grosvenor completed the acquisition of a 25% stake in Shepherds Flat from Brookfield Asset Management.

Synopsis

GCM Grosvenor, an alternative asset management firm, completed the acquisition of a 25% stake in Shepherds Flat, a wind farm, from Brookfield Asset Management. Financial terms were not disclosed. Financial terms were not disclosed. "We believe Shepherds Flat presents a rare opportunity to invest in a high-quality, hard-to-replicate, sustainable infrastructure asset alongside an experienced owner, operator, and developer of clean power. The Infrastructure Advantage Strategy is pleased to invest in contracted renewable power generation in the Pacific Northwest energy market. We are confident we can deliver long-term value to our investors through this strategic acquisition," Matt Rinklin, GCM Grosvenor Managing Director.

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