GCM’s Infrastructure Advantage Strategy acquires interest in Shepherds Flat

GCM Grosvenor (GCMG) announced that its Infrastructure Advantage Strategy has acquired a 25% equity interest in Shepherds Flat, the largest repowered wind farm in North America, from Brookfield Asset Management (BAM) and its institutional partners, including its listed affiliate Brookfield Renewable (BEP) Shepherds Flat, located in north central Oregon, is a fully contracted 338-turbine wind farm with a nameplate capacity of 845 MW. The wind farm produces in excess of 2,000 GWh of electricity annually, which is enough to power ~185,000 average U.S. households and is fully supported by a long-term contract with a large-scale utility. GCM Grosvenor’s investment in Shepherds Flat was completed through its Infrastructure Advantage Strategy, which seeks to generate high-quality risk adjusted returns through alignment with key stakeholders, including union labor. As part of the transaction, the Shepherds Flat partnership has adopted a Responsible Contractor Policy which will apply to any material construction work at the site.