Strategy

Overview of Investment Strategy

Breakwall’s primary objective is to be exceptional stewards of its investors’ capital, generating compelling returns for its clients, with intense focus on capital preservation. The firm’s strategy is to provide practical and much needed capital solutions to accelerate growth and help address the complexities of the “Energy Trilemma.”

Breakwall defines the “Energy Trilemma” as the convergence of:
Energy Reliability:
Ensuring a reliable and secure supply of energy
Energy Affordability:
Ensuring that energy is affordable and accessible to all segments of society
Environmental Sustainability:
Reducing the carbon footprint of all energy sources to mitigate the effects of climate change

Global energy demand is expected to increase almost 50% by 2050, requiring unprecedented investment in the infrastructure needed to generate, transport, store and distribute that energy. Concurrently, to address the challenges of the “Energy Trilemma,” significant investment in decarbonizing existing infrastructure and constructing new, green infrastructure will be required. Breakwall intends to navigate the “Energy Trilemma” and play a meaningful role in facilitating both of these phenomena by assisting companies across the entirety of the energy value chain in securing innovative capital solutions.

The Energy Landscape

Breakwall provides development capital underpinned by hard assets across the entire energy value chain, including energy infrastructure, infrastructure services, energy transition and upstream assets.

Core Investment Themes

Breakwall’s investments are focused on addressing energy reliability, energy affordability and energy sustainability.

Increased efficiency, sustainability and decarbonization of infrastructure

Waste-to-value and the circular economy

Next generation fuels and the electrification of transport

Stabilization of the power grid

Decarbonization of energy adjacent industries

Responsibly sourced natural resources

ESG Philosophy

Breakwall understands the inherent risks of making investments targeting decarbonization and sustainability within a high emitting sector. To ensure we do this credibly, we implement a clear and repeatable investment process with ESG factors integrated throughout the investment lifecycle, engaging with relevant stakeholders and third-party advisors where appropriate.

By structuring credit investments in our main funds as either a Green Loan or a Sustainability-Linked Loan (SLL) to conventional, renewable and “next generation” energy companies, Breakwall endeavors to ensure that its investments enable a more sustainable, resilient and equitable energy system that addresses the challenges of climate change and promotes a cleaner and more secure energy future. Since 2018, the Breakwall team has committed ~$1.0 billion in Green Loans or Sustainability-Linked Loans.

Breakwall believes that continued stewardship and monitoring are equally important as pre-investment risk identification. Breakwall works across our investment portfolio to actively monitor risk and alignment with our impact goals.

Breakwall’s Responsible Investment Policy, Exclusion List, and its ESG investment philosophy covers all Breakwall main funds, all investment activities across the firm’s portfolio, and Breakwall’s own operations.

Partners of Leading
Industry Organizations

Environmental:

Compliance with laws & regulations, emissions, renewable energy usage and environmental policies.

Other emissions dependent on economic activity

Other emissions dependent on economic activity

Social Factors:

Employee, contractor and community health & safety, government relations, employee relations, working conditions & human rights and grievance mechanisms.

UN Guiding Principles on Business and Human Rights

Principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labor Organization on Fundamental Principles and Rights at Work and the International Bill of Human Rights

Customer welfare, employee health and safety, employee retention, and diversity & inclusion

Governance Structures:

Board composition and independence, executive compensation, anti-bribery & corruption and data/cybersecurity.

Political Engagement Statement

Risk frameworks to prevent illicit business practices or misconduct (including AML, data protection, and tax compliance)

Best practice for internal and external audit arrangements, transparency and accountability and risk management

Due diligence, procurement and supplier processes