Leading global investment firm KKR announced an investment in Barghest Building Performance, a Singapore-based provider of energy savings solutions to Heating, Ventilation and Air Conditioning systems in commercial and industrial buildings. KKR will be investing up to S$45 million in the Company.
“Our Global Impact team is focused on investing behind companies whose core commercial product or service addresses global environmental or social challenges. BBP contributes solutions to two of the United Nations SDGs – Affordable and Clean Energy, and Industry, Innovation and Infrastructure – with a business model meant to fundamentally change best practices for energy management. BBP’s motivation, as is ours, is to achieve meaningful and sustainable costs savings for customers directly alongside long-term and measurable environmental impacts for society,” said Robert Antablin and Ken Mehlman, Co-Heads of KKR Global Impact.
Ken Mehlman spoke with Bloomberg about the rise of impact investing and how investors can contribute to solving critical societal challenges:
Singapore Energy-Saving Firm Wins $33 Million KKR Investment – Bloomberg
Impact Investing, Fed Outlook, Bitcoin Value: Bloomberg Businessweek Radio