Greenbacker Capital Management (GCM), a renewable energy asset manager, has expanded its private equity investment team, with the appointment of Rahul Bhalodia as a managing director of the Greenbacker Development Opportunities (GDEV) strategy.
GCM, says Bhalodia’s appointment boosts the firm’s ability to continue scaling the strategy, which invests in growth-stage sustainable infrastructure development platforms.
Along with managing director and Group Head Ben Baker, who joined Greenbacker in 2020 to launch the strategy, Bhalodia will lead origination, execution, investment management, and capital raising for GDEV. He brings over two decades of investment experience in renewables and the energy transition, during which he managed real assets, growth equity, and venture capital investments.
Before joining GCM, Bhalodia’s career included investing in scaled developer platforms across geographies at CPP Investments, building out Constellation Energy’s growth and venture investment business, and repositioning power generation portfolios toward renewable energy at Goldman Sachs.
Bhalodia recently finalised Greenbacker’s equity investment in Telyon, a renewable energy developer and leader in the C&I solar sector, and also represents Greenbacker as a Telyon board director.
