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GDEV Management Announces Over $200MM of Fund II Capital Commitments to Scale Distributed Energy Platforms Across North America

NEW YORK, Aug. 27, 2025 (GLOBE NEWSWIRE) -- GDEV Management, LLC ("GDEV"), a leading middle-market specialist in distributed energy resources, today announced it has secured more than $200 million in capital commitments to its second flagship fund ("Fund II"). Limited Partners include a large Canadian pension plan and multiple U.S. insurance companies.

GDEV's Fund II represents a continued focus on the firm's strategy of building and scaling distributed energy resource (DER) platforms into mature infrastructure businesses that, in turn, deploy and operate long-term, high-value assets. Its portfolio, which has brought over 330 MW of new energy generation and 260 MWh of energy storage capacity online across North America, has largely been deployed behind the meter. Often linked to retail prices, these assets circumvent the need for lengthy permitting and interconnection processes, leading to attractive, inflation-linked returns and faster deployment timelines.

Since its inception, GDEV's strategic positioning, deep industry expertise, and flexible capital solutions have enabled the firm to navigate dynamic policy and market environments on behalf of its strong investor base. GDEV has created a strong track record, including transactions with leading global investors, such as Apollo Global Management, Ares Management, Sumitomo Corporation of Americas, and OIC. This ...