IFM Investors wraps up deal for RNG developer GreenGas

Australian pension fund manager IFM Investors has completed the acquisition of a majority stake in US-based renewable natural gas (RNG) developer GreenGasUSA in a deal that secures long-term investment capital to expand the business.

IFM agreed to the transaction at the end of January, marking the first low carbon fuels bet through its IFM Net Zero Infrastructure Fund (NZIF).

“Our mission remains the same – to help farmers, food processors and industrial manufacturers capture greenhouse emissions. Our new owners help accelerate this as we build out the platform,” founder Marc Fetten, who remains atop of GreenGas, noted in a press release on Monday.

Launched in 2022, IFM NZIF is an open-ended fund targeting essential infrastructure assets that will help facilitate and scale up decarbonisation efforts.

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