Fund News

UK clean energy investment firm Sustainable Development Capital (SDC) has acquired Volery, a US-based private equity firm focused on energy transition.

Power Sustainable has committed C$200 million to reach a final close on the second vintage of its energy infrastructure strategy at C$800 million.

Excelsior Energy Capital has closed a $1.3 billion financing deal for its 682MW Faraday Solar project in Utah, which has a long-term power contract with technology giant Meta through utility PacifiCorp.

KKR-backed investment firm BlackGold Capital Management has closed a deal for US-based energy infrastructure lender Northbase Finance.

Gridmatic has reached the second closing of its first energy storage fund, increasing committed capital to a total of $50 million.

Two infrastructure-focused private equity professionals have established a clean energy investment firm – Acadia Infrastructure Capital.

Altus Power, an independent developer, owner, and operator of commercial-scale solar facilities, has closed on a $200 million facility from private equity giant Blackstone.

Quantum Capital Group, the energy-focused private equity firm, has hired David Altshuler partner and co-head of client solutions.

Goldman Sachs Asset Management has secured $4 billion after final close of its West Street Infrastructure Partners IV fund and related vehicles.

Private investment giant Ardian has opened an office in Montréal, its first in Canada and third in North America.

Energy transition private equity firm Hull Street Energy has made a strategic investment in distributed generation solar development company Greenskies Clean Focus.

Greenbacker Capital Management has hired Rahul Bhalodia as the managing director of the Greenbacker development opportunity (GDEV) strategy. Bhalodia will lead origination, execution, investment management, and capital raising for his group.

Global infrastructure investment manager Wren House has appointed Anne McEntee as managing director in its New York asset management team.

Climate-focused investment firm Galvanize Climate Solutions has closed its Innovation + Expansion Fund, its first venture and growth equity fund, at $1 billion. The fund will invest in climate and green energy startups.

Energy-focused investment firm Kimmeridge has invested $15 million in US Light Energy, a community solar project developer. The financing derives from Kimmeridge Carbon Solutions, a fund for carbon-neutral and carbon-reducing investments.

Vesper Energy, a developer, owner, and operator of utility-scale renewable energy assets has received a commitment from fund manager GCM Grosvenor for up to $100 million.

Igneo Infrastructure Partners has agreed to take a majority equity interest in renewable power producer Soltage.

Aethon Energy, an onshore energy focused investment firm, has made a string of senior hires.

Blackstone has held a final close on its energy transition credit fund, Blackstone Green Private Credit Fund III (BGREEN III), at a $7.1 billion hard cap.

AI-enabled power marketer Gridmatic has launched its first energy storage fund to oversee the management of up to 500MW of battery capacity in the ERCOT and CAISO markets.

North America-focused fund manager Energy Power Partners’ senior executive, Suresh Vasan, has left the firm to join the Department of Energy’s Loan Program Office (LPO) as senior investment advisor.

Kimmeridge, an energy-focused investment firm, has hired Max Warburton to lead a renewable energy and carbon solutions platform as senior managing director.

Renewables infrastructure firm True Green Capital Management (TGC) has closed on its majority ownership acquisition of CleanChoice.

Sumitomo Mitsui Banking Corporation (SMBC) and financial advisory firm LarrainVial have closed a COP900 billion ($200 million) Colombia-focused debt fund.

BP's venture arm, BP ventures, invested $10 million into WasteFuel, a Los Angeles-based biofuels company, leading its Series B investment round.

Nexus PMG has received a $50 million growth equity investment led by Greenbacker Capital Management with participation from the Ontario Power Generation Pension Fund and Liberty Mutual Insurance.

Blackstone Infrastructure Partners has added $1 billion to its existing $3bn investment in Invenergy. The funds will be used to grow Invenergy's investments, including large wind and solar farm projects, in the US and globally.

Power-focused investment manager Newave Capital has reached financial close on its first energy infrastructure fund in Brazil.

On.Energy, the Miami-headquartered battery storage firm, has raised $20 million in equity financing in a Series B round led by Philadelphia-based investment firm Ultra Capital. New York-based private equity firm Phalanx Investment Partners also participated in the round.

Energy-focused Private Equity firm NGP has reached final close on its fourth energy transition fund at $700 million. The fund focuses on renewable power sources, electrification, energy efficiency, and carbon management.