Friday, 27 March 2015
Last updated 2 hours ago
Dec 4 2009 | 9:16am ET
The U.S.-based Hudson Clean Energy Partners has officially closed its first fund, with commitments of $1.024 billion, achieving its $1 billion target. The The New York State Common Retirement Fund put $100 million into the private equity fund, but the names of the other investors were not revealed.
Hudson says it will deploy this capital along with co-investment commitments to expand the firm’s current clean energy investment portfolio.
Founded in 2007, Hudson Clean Energy Partners is led by Neil Auerbach and John Cavalier. Auerbach previously founded the U.S. Alternative Energy investing business within Goldman Sachs Group Inc.’s Special Situations Group. Cavalier was formerly vice chairman of Credit Suisse’s Investment Banking Department and served as chairman of the Energy Group and head of Credit Suisse’s Global Renewable Energy efforts.
Hudson’s current portfolio includes Element Power, a global utility-scale wind and solar power generator; Recurrent Energy, a distributed solar power company that develops, builds, owns and operates generation assets; CaliSolar, Inc., a solar photovoltaic (PV) wafer and cell manufacturer; SoloPower, Inc., a manufacturer of solar PV thin-film cells and flexible modules; and Wind to Power Systems, a Madrid-based manufacturer of power electronics that enable connection of renewables to the grid.
C.P. Eaton Partners LLC served as lead placement agent for the fund, and was assisted by Credit Suisse Securities (USA) LLC (Alternative Investments) and Poalim Ventures Ltd.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…