New Energy Capital Infrastructure Credit Fund II raises $500M
New Energy Capital Partners LLC closed New Energy Capital Infrastructure Credit Fund II LP with $500 million of capital, against its initial target of $400 million.
The fund was the firm's fifth private equity fund and second credit opportunities-focused fund. It received commitments from institutional and other investors including endowments, foundations, insurance companies, pension plans, health systems and family offices.
Hanover, N.H.-based New Energy will use the capital to bac...