Aware Super has made a US$50 million ($76 million) co-investment alongside Macquarie Asset Management (MAM) into a specialty infrastructure finance company helping to fund the North American sustainability transition.
Galway Sustainable Capital (GSC), which offers scale and efficient capital deployment into emerging sustainability transition assets, has already made over US$309 million ($470 million) in commitments across 27 investments within its first two-and-a-half years of operations.
The fund will use the investment as an opportunity to diversify its $10.2 billion private equity portfolio.