New Energy Capital Infrastructure Credit Fund II closes at US$500 million
New Energy Capital Partners, LLC (NEC) has announced that it has held a final closing for New Energy Capital Infrastructure Credit Fund II, its fifth private equity fund and second fund focused exclusively on credit opportunities.
Total capital commitments for the fund reached the hard cap of US$500 million, which exceeded NEC's initial target of US$400 million. Capital contributions came from a diverse mix of institutional and other investors, including endowments, foundations, insurance companies, pension plans, health systems, and family offices.
NEC plans to use this capital to continue to invest across clean energy infrastructure assets in North America, including solar, wind, energy efficiency, storage, and water.
In addition to a robust group of new investors, all institutional investors in New Energy Capital Infrastructure Credit Fund I returned to invest in this fund.
Country updates
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January 31, 2019
Five banks launch Western Kentucky Infrastructure Fund
Five banks based in Kentucky have launched an investment fund to support public-private partnership (P3) projects throughout the state, located in the central-eastern USA. The institutions launching...
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January 30, 2019
Transurban to invest US$1 billion in express lane extension in Virginia
Transurban has announced that it has reached an agreement with the Virginia Department of Transportation (VDOT) on a development framework to progress the 495 Northern Extension project, represen...
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January 30, 2019
QIC invests in parking facilities at Boston university
Queensland Investment Corporation (QIC) has announced that it has entered into a 50-year partnership with Northeastern University, located in Boston, Massachusetts, north-east USA, providing...
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January 29, 2019
Task force recommends P3 for bridge replacement project in Louisiana
The Chamber of Southwest Louisiana (SWLA) has recommended that the I-10 Calcasieu River bridge be replaced through a public-private partnership (P3). The current bridge opened for traffic in 1952 and...
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January 28, 2019
Final Development Agreement for Kansas City airport P3 to be signed this quarter
The Airport Committee of Kansas City Council has heard that the terms-and-lease sheet for the Kansas City International Airport (KCI) Terminal Replacement Project will be signed in the next few weeks....
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