The Church Pension Fund (CPF), a financial services organization that serves the Episcopal Church, announced that it invested US$40 million in the New Energy Capital Infrastructure Credit Fund II, LP (Fund). The Fund will invest across clean energy infrastructure assets in North America, including solar, wind, energy efficiency, storage, and water. The Fund is managed by New Energy Capital Partners, LLC (NEC), a leading alternative asset management firm that invests across the capital structures of small and mid-sized clean energy infrastructure projects and companies.

CPF’s socially responsible investing (SRI) focuses on investments that offer attractive risk-adjusted returns and also have a positive social impact. CPF currently has socially responsible investments in 25 countries. CPF’s SRI-related investments focus on economically targeted initiatives (urban redevelopment, affordable housing, sustainable agriculture, and microfinance) and environmentally responsible programs (sustainable forestry, clean technology, and green buildings).