Akin Gump Advises GCM Grosvenor and Voya Investment Management in $365 Million Strategic Capital Partnership with Bakersfield Renewable Fuels

June 3, 2020

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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.

Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 1,000 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East. Founded in 1945, the firm is proudly celebrating its 75th anniversary in 2020. #AkinGump75

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