Private equity firms and money managers are increasing their direct oversight of renewable energy startups that have been left struggling thanks to soaring demand for fossil fuels, slower-than-expected technological development and supply-chain shortages of materials and equipment. Pooja Goyal, CIO at the infrastructure subsidiary of multinational private equity, alternative asset management firm Carlyle Group, has revealed that his company has been negotiating key components on behalf of its portfolio companies.
“No matter how much procurement you’re doing (at the portfolio company level), you’re going to be pretty much irrelevant to the suppliers,” Goyal said at the CERAWeek by S&P Global conference in Houston.
But these money managers are going beyond the procurement side of things, with more firms leveraging their networks for collaboration and offering management advice.
“Beyond capital, companies and founders…
