The Financial Times has just published an article on global investments in sustainability development. The COVID-19 pandemic is proving the value of such impact investing, but private equity fund KKR has known this for much longer, as proven by their investment in Barghest Building Performance (BBP).
BBP, a Singapore-based energy startup, uses state-of-the-art data analytics and real-time monitoring to adjust the energy usage of HVAC systems in commercial buildings. KKR invested in BBP during the first round of the firm’s brand-new $1.3B impact investing fund in February 2020, acknowledging how BBP exceeds the firm’s sustainability goals. BBP’s solutions can save clients up to 40% of energy costs per year.