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New investor takes control at GRESB

18th April 2024

Private equity firm General Atlantic has taken a majority stake in real assets sustainability benchmark company GRESB.

The New York-based investor, with $71 billion of assets under management, will invest in GRESB via its BeyondNetZero climate growth fund. General Atlantic will acquire its stake from existing shareholder Summit Partners, which will retain a minority position.

GRESB CEO Sebastien Roussotte, said: “GRESB looks forward to contributing to BeyondNetZero’s vision for climate action powered by technology, innovation, and entrepreneurship. This vision underpins GRESB’s industry-led approach to creating global standards which increase market transparency and accelerate the clean energy transition.” 

Rhea Hamilton, managing director at BeyondNetZero, said: “We believe GRESB’s management of asset-level data and compelling value proposition deepen the Company’s position as an enabler of decarbonization for investors and asset managers. We share GRESB’s conviction in accelerating the global transition to sustainable real assets and look forward to partnering with the Company’s mission-driven team.” 

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