Aurarian’s Clean Energy ABL Fund To Debut Next Month

Dec 17 2008 | 3:11pm 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.“


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