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Investegate |Riverstone Energy Ld Announcements | Riverstone Energy Ld: REL to invest $20 million in DCRC PIPE Transaction investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
London, UK (13 January 2021). RIGL Holdings, LP ( Riverstone ), the Manager of Riverstone Energy Limited ( REL ), has announced the signing of an agreement for REL to invest $25 million in Loanpal, LLC ( Loanpal ), the leading sustainable home improvement fintech provider used in over half of US residential solar system sales. Riverstone Global Energy & Power Fund VI also participated in the transaction, investing $50 million for a total investment of $75 million from Riverstone affiliated investment vehicles.
Loanpal is a San Francisco based technology-enabled sustainable home improvement loan originator, providing a point-of-sale lending platform used by key residential contractors. Loanpal does not take funding risk, the company presells its originated loans via forward purchase agreements to large funds managed by asset managers including Blackstone and Goldman Sachs. The company s attractive unit economics and asset-light business m ....
1st LD Writethru: Singapore stocks end up 1.29 pct afghanistansun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afghanistansun.com Daily Mail and Mail on Sunday newspapers.