Orion Energy Partners closes $ 1.08 billion of infrastructure loan fund III

NEW YORK–() –Orion Energy Partners (“Orion”), a provider of credit and equity solutions supporting infrastructure investments in energy transition and environmental innovation, today announced the definitive closure of Orion Energy Credit Opportunities Fund III (“ Fund III ”). With an oversubscribed offering exceeding the original target of $ 900 million, Orion received $ 1.079 billion in capital commitments from investors on six continents. Orion’s Fund III will continue to address the growing dislocation of capital for middle market infrastructure lending with a focus on flexible direct lending to private and public companies looking to evolve traditional and new infrastructure solutions. .

“We fully recognize that there are several other energy transition-focused funds in the market, but few focus on the infrastructure side of innovation driven by private, middle-market, entrepreneur-owned companies, and yet less rely on a team with a two-decade history. to invest together to generate long-term results and sustainability ”, said Nazar Massouh, CEO and associate co-director. “The foundation of Orion’s success is our hand-picked, diverse, experienced and extremely engaged team, but we could not have achieved our success without the continued loyalty and extraordinary support of our returning investors and the vote of confidence of our new sponsors. The growth of our team and the support of Fund II investors are testament to the strong market opportunity targeted by our investment strategy. ”

With assets under management of over $ 2.5 billion company-wide, the total capital commitments of Fund III represents a 32% increase in the size of Orion Energy Credit Opportunities Fund II. Since 2015, Orion has entered into 18 investment partnerships, deploying creative financing structures and stimulating environmental innovation in a very diverse range of private infrastructure companies.

Building on the success of its legacy funds, Fund III will target investments between $ 40 million and $ 200 million per transaction in environmentally innovative infrastructure sectors such as renewable fuels, energy efficiency, production sustainable energy, waste (resource recovery, recycling), water, transport infrastructure. and digital infrastructure. The team will continue to seek out companies across North America as potential partners, with approximately 10% of Fund III already committed to two platform investments: Bakersfield Renewable Fuels, a renewable diesel biorefinery and subsidiary in exclusive property of Global Clean Energy Holdings, and Highland pellets, a producer of sustainably sourced biomass pellets that supplies industrial and power markets in Europe with an alternative fuel for thermal coal.

“The rapid development of sustainable infrastructure has become increasingly urgent,” said Gerrit nicholas, CIO and co-associate director of Orion. “Many private infrastructure companies have relied on traditional lenders to fuel growth, but today the companies driving change in energy, water, waste , transport and digital infrastructure need investment solutions that are as innovative as their assets. From our successful dashboard in Fund II and drawing on over 30 years of investment experience, we know there is a tremendous opportunity to provide effective, creative and non-dilutive financing solutions to businesses at the search for real capital partnerships in the transition to a sustainable and carbon-free economy. . ”

Asante Capital acted as exclusive global investment agent and Latham & Watkins LLP acted as legal counsel to Orion.

About Orion Energy Partners

Based in New York and Houston, Orion is a leading private credit and private equity partner supporting middle market infrastructure and associated businesses focused on energy transition and environmental innovation, with assets under management. of more than $ 2.5 billion company-wide. We offer a range of creative financing solutions as an alternative to traditional equity investments and loans. Our target investment sectors include energy efficiency, digital infrastructure, sustainable energy production, renewable fuels, waste and recycling, water, transport and the middle sector. Orion manages long-term committed capital across multiple investment funds, enabling Orion’s team to forge transformational relationships within a diverse group of companies and to be patient and supportive as these organizations execute. their business plans. For more information, please visit www.OrionEnergyPartners.com

About Wanda Wall

Check Also

The Best Refinance Lenders to Pay Off Student Loans Fast

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is …

Leave a Reply

Your email address will not be published.