Private credit to play bigger role in clean energy transition: Blackstone Credit’s Robert Horn

PRIVATE credit is primed to play a larger role in financing clean energy transition as public markets pull back amid heightened volatility, said Robert Horn, global head of the sustainable resources group for asset management firm Blackstone Credit.

“The role of credit is the sheer scale that we can bring to a very capital intensive process to help fund that change and to fund that change on an efficient basis using a number of securities,” said Horn, who explained that the range of debt solutions, from investment grade to convertible or preferred capital, gives companies options along their capital structure.

Blackstone Credit is the credit investment arm of Blackstone group. In January, Blackstone group launched the Sustainable Resources Credit Platform, which Horn leads, to complement Blackstone’s existing private equity, energy and infrastructure strategies that are investing in companies that support the energy transition and climate change solutions.