Fund News

US middle-market energy and infrastructure private equity firm Kohlberg & Company has acquired a majority stake in North American energy efficiency, transition, sustainability services company CLEAResult from TPG Growth's Rise Fund.

US-based LS Power has reached final close on its fifth power and energy fund at $2.7 billion, above a $2.5 billion target.

Sustainable infrastructure investment manager Generate Capital has closed a $64 million investment from KeyState Renewables for community solar in New York.

Competitive Power Ventures (CPV) Group will sell 33% of its affiliate CPV Renewable Power to real assets-focused investment management firm Harrison Street for $300 million, PFR understands.

Fundraising for infrastructure funds globally was challenging in H1 2024, with data from sister publication IJInvestor revealing that $57.85 billion was raised by 40 funds that hit final close. North America-focused funds too have not been popular among investors over the last 2 half years, representing just 11% of capital raised.

Manulife Investment Management has invested $250 million into Hunt Energy Network to develop and operate dispatchable power resources in ERCOT.

Leonid Capital Partners, a credit investment manager, has provided a $12 million revolving line of credit to nuclear waste-to-energy developer Zeno Power.

Greenbacker Capital Management has invested in newly formed 3V Infrastructure, a US-based EV charging infrastructure owner and operator.

Bernhard Capital Partners (BCP) yesterday (5 August) agreed to acquire New Mexico Gas Company (NMGC) from Emera in a deal worth $1.25 billion.

The US Federal Energy Regulatory Commission (FERC) has approved UK private equity firm Bridgepoint's 19.9% acquisition of New Jersey-based Energy Capital Partners (ECP).

Carlyle has agreed to sell Cogentrix Energy, a US independent power producer, to Quantum Capital for around $3 billion.

The infrastructure arm of Goldman Sachs Alternatives has made a $440 million investment into US renewable energy platform BrightNight.

Nomura Securities’ global co-head of investment banking, Jeff McDermott, has left the bank for Energy Impact Partners.

New Fortress Energy (NFE) has reached an agreement to sell its liquefaction and storage facility in Miami, Florida to a US middle-market infrastructure fund.

Cerberus Capital Management has invested $315.5 million in Eos Energy Enterprises, a manufacturer of zinc-based long duration energy storage systems.

Philadelphia-based Doral Renewables has secured a $400 million minority equity investment from Netherlands pension APG, a subsidiary of ABP.

Intrepid Investment Management and Meritz Securities have teamed up to pursue credit investments in the North American energy sector.

Strategic Value Partners (SVP) and EverGen Power have launched a partnership to invest in North American natural gas generation.

Japanese corporate Itochu has made the first investment from its North America renewables-focused fund Overland Capital Partners.

Energy Renewal Partners (ERP) has received an investment from lower middle market-focused private equity firm Rockwood Equity Partners.

Sol Systems has secured an $85 million investment from Macquarie Asset Management to support of the construction and operation of 5 utility-scale solar projects located in Illinois and Ohio.

BlackRock has closed its $500 million preferred equity investment in Canadian Solar subsidiary, Recurrent Energy, which represents a 20% stake in the solar and energy storage developer.

Real assets investment management firm Versus Capital Advisors has hired Alicia Chen as director of investments.

Homecoming Capital has invested $50 million in Clean Energy Terminals (CET) which is developing offshore wind port infrastructure projects on the east and west coasts in the US.

Energy Capital Partners (ECP) has reached final close on its fifth flagship fund, raising $4.4 billion with $2.3 billion in co-investment capital.

Private equity firm Cresta Fund Management has made a controlling investment in Ocean Pacific, a company that develops compressed natural gas (CNG) and alternative fuel stations.

Brookfield Asset Management has added an extra $150 million to its investment in PosiGen, a clean power provider for underserved communities in the US.

Aiga Capital Partners has raised $208 million for its inaugural climate fund, surpassing the halfway mark towards its $400 million target.

KKR and Hannon Armstrong Sustainable Infrastructure Capital (HASI) have partnered on a $2 billion investment vehicle for sustainable infrastructure projects.

NextEnergy Capital’s fifth fund has raised $745 million, nearing half of its $1.5 billion target.