On 13 August 2021, Decarbonization Plus Acquisition Corporation IV ("DCRD") completed its $316 million IPO, which was sponsored by an affiliate of REL's investment manager. REL made a $0.6 million investment in DCRD at the time of the IPO, as the blank check company began to pursue merger candidates. DCRD seeks to capitalise on the Riverstone platform to identify, acquire and operate a business in industries that may provide opportunities for attractive risk-adjusted returns in one of the multiple sectors that may advance the objectives of global decarbonization. This includes the energy and agriculture, industrials, transportation and commercial and residential sectors.
Find out more on the DCRD website.