Overview
DESRI and its affiliates develop, construct, own, and operate renewable energy assets. DESRI is
a wholly- owned subsidiary of D. E. Shaw & Co., L.P. (“DESCO LP”) which is a global
investment and technology development firm.
DESRI serves as the investment adviser for, and provides discretionary investment advisory
services to, private funds exempt from registration under the Securities Act of 1933, as amended
(the “Securities Act”) (collectively referred to throughout this Brochure as “Funds” and each a
“Fund”). For more information about the DESRI Funds, please see the Firm’s Form ADV Part 1,
Schedule D, Section 7.B.(1) Private Fund
Reporting.
DESRI provides investment advisory services to the Funds. Interests in the Funds are privately
offered to qualified investors in the United States and elsewhere. The Firm’s investment advice
and authority for each Fund is tailored to the investment objectives of that Fund. These
objectives are described in the private placement memorandum, limited liability company
agreements, and other governing documents of the relevant Fund (collectively, “Governing
Documents”).
As of December 31, 2023, DESRI had $972 million of regulatory assets under management, all
managed on a discretionary basis. DESRI is owned by DESCO LP.