Case Study Private Credit
Overview of Asset
In 2021, our Private Credit strategy completed its investment in Lumio, one of the leading residential solar panel installers in the United States.
Our investment will support Lumio’s management team in growing its sustainability mission.
Solar is one of the safest and cleanest forms of energy production.
Key ESG Stats
The key highlights identified (below) were the main drivers motivating the investment team and Investment Committee to make the largest investment in the Strategy at the time of the transaction.
Environment
Lumio’s residential solar power system is a clean, renewable energy source that requires minimal maintenance, reduces dependence on community power grids, and contributes to the reduction of greenhouse gas emissions.
Social
Lumio’s main solar panel supplier is a signatory to the SEIA’s Forced Labor Prevention Pledge aimed at avoiding use of forced labour for solar production.
Governance
Lumio’s management team is in the process of developing a diversity, equity, and inclusion policy. Many employees are eligible for stock-based compensation, ensuring employees benefit from the company’s success.