Aurarian’s Clean Energy ABL Fund To Debut Next Month

Dec 17 2008 | 2:11pm ET

Aurarian Capital has delayed the launch but increased the planned size of its alternative energy lending fund. The firm expects to launch the fund in January.

The firm has also lined up a slate of institutional partners to serve on its advisory board, including Cargill, Emirates National Oil, Marathon Oil, Southern Methodist University, United Technologies, the University of Tennessee and the University of Utah.

The Aurarian Capital Clean Energy Asset-Based Lending Fund will make loans to alternative energy developers to finance the construction of power plants and biofuel refineries. Recent market turmoil has dried up traditional lending sources, and Aurarian has benefited with a larger pipeline of deals at advantageous terms. The firm’s initial fundraising goal of $60 million to 80 million has increased as a result, and the fund now expects to launch with more than $100 million.

“The capital markets’ general unwillingness to finance these new infrastructure projects, coupled with the focus on renewable energy by the current and incoming Presidential administrations, has led to a substantial supply demand imbalance,” said Jason Gold, the CEO of Aurarian Capital.“


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.