Akin Gump Advises GCM Grosvenor and Voya Investment Management in $365 Million Strategic Capital Partnership with Bakersfield Renewable Fuels
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(Los Angeles) – Orion Energy Partners, L.P., GCM Grosvenor and Voya Investment Management today announced a capital partnership with Bakersfield Renewable Fuels (BKRF). A team from Akin Gump advised GCM Grosvenor and Voya in the deal.
BKRF is a special purpose vehicle wholly owned by Global Clean Energy Holdings, Inc., which was created to purchase an existing refinery in Bakersfield, California. As part of the deal, BKRF will retool a portion of the refinery into a renewable diesel bio-refinery.
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The Akin Gump team advising GCM Grosvenor and Voya included Dan Sinaiko, co-head of the firm’s global project finance practice, along with senior counsel Jeff Cohen, counsel Chase Armbrust, and associates Michelle Marshall and Shahin Mohammadi.
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