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RNS Number : 2313A
Riverstone Energy Limited
01 February 2022
 

LEI: 213800HAZOW1AWRSZR47

 

 

Riverstone Energy Limited

 

1 February 2022

 

REL Makes Lead Investment in T-REX's $40M Series C Round

 

Riverstone Energy Limited (REL) is pleased to announce a US$17.5 million preferred equity investment in T-REX Group, Inc.'s ("T-REX") $40 million Series C funding round.

 

T-REX, a SaaS provider supporting the asset-backed financing industry, brings together asset class expertise, critical data management capabilities, and a platform for deal structuring, cash flow modeling, scenario analysis, real-time performance tracking, and reporting. By giving institutions the modernized tools and validation they require to deploy capital, T-REX facilitates increased investment allocations into sustainable, decarbonization-related assets.

 

This investment, along with the recent decarbonisation investments in Tritium Pty, Solid Power, FreeWire Technologies, GoodLeap and Hyzon Motors, demonstrates REL's continued efforts to increase its exposure to the global energy transition thematic while also providing the opportunity to create value for its shareholders.

 

About T-REX:

T-REX combines sophisticated cloud-based SaaS technology with big data and asset class expertise to drive down operating and capital expense, reduce risk exposure, and enhance performance for complex investments. T-REX solutions for project finance, warehouse lending, ABS, and private credit address friction at each stage of the asset lifecycle, from origination through investment. By improving transparency and flexibly integrating diverse data sources, T-REX creates significant investment opportunities across alternative markets. Visit www.trexgroup.com to learn more.

 

 

About Riverstone Energy Limited:

REL is a closed-ended investment company that invests exclusively in the global energy industry across all sectors. REL aims to capitalise on the opportunities presented by Riverstone's energy investment platform.  REL's ordinary shares are listed on the London Stock Exchange, trading under the symbol RSE.  Following this investment in the TRex Group, REL has 15 active investments spanning decarbonisation, oil and gas, renewable energy and power in the Continental U.S., Western Canada, Gulf of Mexico and Europe.

 

For further details, see www.RiverstoneREL.com

 

         

 

 

 

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