GSSG Solar Partners, LP

United States of America

Last updated 29 November 2020, by Impactyield.

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GSSG Solar Partners, L.P. is a Delaware limited partnership formed for the purpose of making direct solar investments in a diverse pool of solar projects and assets.

The Fund intends to participate in and catalyze growth in the emergent renewable power infrastructure space. Based on precipitous declines in solar panel pricing and rising demand for electric power, the solar industry has evolved into a global marketplace attracting developers and installations worldwide.

Our strategy allows us to engage developers when they are most vulnerable/aligned and help identify opportunities further upstream.

GSSG Solar Partners, LP is actively seeking and making solar investments in Japan, Mexico, and the US.

Financial description

GSSG Solar Partners, LP utilizes portfolio construction to capture a blended return that is above market with a de-risked floor.
The Cash Equity Strategy generates a ~12% IRR, 3.0X ROI return profile (largely driven by the long-dated cashflows).
The Acquisition Strategy targets a ~100%+ IRR, 1.6X ROI return profile.
The Options Strategy targets a 4.0X+ ROI.
By investing at least 1/3 of the fund in the Cash Equity Strategy—proven and producing solar projects with only operational risks—a 0% success in both the Option and Acquisition Strategies results in 0 return, 0 principal lost, and 0 carries paid for the fund. This ensures financial alignment with GSSG and covers the downside position while enabling access to the “exciting” upside of the Acquisitions and Options Strategies. Further, both the Acquisitions and Options Strategies allow GSSG to be involved earlier in the project life-cycle, thus avoiding margin compression on the cash equity component through structuring and access to quality projects.
Solar infrastructure investment generates long-term, predictable yield by relying on low-risk, proven technology installed by reputable firms. We seek long-dated contracted revenues from creditworthy off-takers, and solar power represents zero fuel cost uncertainty (unlike coal and natural gas). GSSG Solar Partners, LP is uncorrelated to broader public capital markets and generates attractive risk-adjusted yields in low interest rate environments.

8 years

of track record


the year funded

50,000,000 USD


Asset manager

SDG goals

SDG targets

Universal access to modern energy

Increase global percentage of renewable energy

Expand and upgrade energy services for developing countries

Key performance indicators

Fund overview

Asset manager: GSSG Solar

Product track record: Fund has 8 years of track record

Target IRR: 20%

Committed Capital: 23,000,000 USD (US Dollar)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage: , ,

Inception year: 2015

Vintage year: n.a.

Target region: , , ,

Target close date: n.a.

Product term: 10 year (plus 2)

Assets under management: 50,000,000 USD (US Dollar)

Investment size: Min: 1,000,000; Max: 7,000,000; Avg: 3,000,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 2

Fund investments to date exited or repaid: 0

Management fee: n.a.

Carried interest: 30%

Hurdle rate: 11%

GIIN Investors' Council Investment: Yes

Limited Partners / Investors: 2 Foundations, 2 Fund of Funds, 4 Accredited Investors

Limited Partner / Investor Type: Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors




Phone number: 303-455-1399

If you wish to have your details removed from this database please email

Mark Lewis

Senior Associate

Tomakin Archambault

CEO and Managing Director

Impact Performance


Impact thesis

Solar power generation is a scalable form of clean energy generation that produces the electricity essential for economic growth (powers buildings, industry, and increasingly transportation; generates local jobs; and decreases dependency on imported resources) without the harmful local and global environmental impacts associated with traditional thermal and nuclear electricity sources (air quality, climate change, persistent nuclear waste, etc).
In developed markets, solar is a clean energy alternative that is approaching parity with traditional fuel sources. In developing markets, solar is a rapidly deployable technology that allows for energy access and the socio-economic benefits of basic human needs. By increasing investment (through appropriately structured and valued investments), we contribute to the demand for solar technology, which in-turn contributes to decreased costs, and further demand. Based on this positive feedback, current investments are enablers of not only the current project deployments, but the health of the industry as a whole.

Impact Management


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