Renewables Investors in North America

Fisher Lynch Capital (FLC) is an independent boutique investment firm founded in 2003, specializing exclusively in private equity co-investments. With over $8.7 billion in investor commitments, FLC partners with top-tier private equity sponsors to provide investors with access to premier, hard-to-access co-investment opportunities. The firm has completed over 200 co-investment transactions, making it one of the most active co-investment groups globally. FLC's investment strategy focuses on collaborating with limited partners to create customized programs that co-invest directly in private equity portfolio companies. These investments span various sectors, including consumer and retail, business and financial services, media and communications, software and technology, healthcare, and energy. The firm's team brings extensive experience from backgrounds in direct private equity, institutional investing, and professional services. Headquartered in San Mateo, California, FLC also maintains offices in Boston and London, allowing it to serve a global clientele. The firm's commitment to building diversified portfolios and its rigorous due diligence process have established it as a trusted partner for institutional investors seeking co-investment opportunities alongside experienced private equity fund managers.

Founded in 1984 by Richard Kayne and John Anderson, Kayne Anderson Capital Advisors is a leading alternative investment management firm headquartered in Los Angeles, California. The firm specializes in niche, cash flow-oriented strategies across energy infrastructure, real estate, credit, and growth equity. With a disciplined investment approach, Kayne Anderson focuses on sectors where its deep industry knowledge and sourcing advantages can drive superior risk-adjusted returns. As of early 2025, Kayne Anderson manages approximately $31.7 billion in assets under management (AUM) for a diverse clientele, including institutional investors, family offices, and high-net-worth individuals. The firm's investment philosophy emphasizes long-term value creation through active management and strategic partnerships. Kayne Anderson's portfolio includes investments in upstream oil and gas companies, renewable energy infrastructure, specialized real estate, and middle-market credit opportunities. Beyond its investment activities, Kayne Anderson is committed to social responsibility through the Kayne Anderson Capital Advisors Foundation. Established in 2011, the foundation supports various philanthropic initiatives, including education, mentorship, and community development programs. The firm's dedication to sustainability and community engagement reflects its broader mission to generate positive, lasting impact alongside financial returns.

Founded in 2019, Power Sustainable is a global alternative asset manager headquartered in Montreal, Canada. The firm focuses on investments that deliver both competitive financial returns and positive sustainability outcomes. As a subsidiary of Power Corporation of Canada (TSX: POW), Power Sustainable leverages its parent company's extensive network and resources to drive sustainable investment strategies across various sectors. Power Sustainable operates through four primary investment platforms: Energy Infrastructure Equity, Global High-Yield Infrastructure Credit, Agri-Food Private Equity (Lios), and Decarbonization Private Equity. These platforms target sectors undergoing significant transformation due to climate change and sustainability challenges, including renewable energy, sustainable agriculture, and resource-efficient industries. The firm's investment approach integrates sustainability factors throughout the investment process, aiming to contribute to lasting sustainable development. As of December 31, 2024, Power Sustainable manages approximately CAD 4.2 billion (USD 3.1 billion) in assets under management. The firm has offices in Montreal, Toronto, and Miami, supporting its operations across North America and internationally. Power Sustainable's team comprises experienced professionals dedicated to accelerating the transition to a sustainable economy through strategic investments and partnerships.

Transition Equity Partners (TEP) is a mid-market private equity firm founded in 2020 and headquartered in Chicago, Illinois, with an additional presence in New York. The firm focuses on catalyzing the transition to cleaner, smarter, and more reliable energy infrastructure by making strategic investments that reduce the carbon intensity of North America’s energy sector. TEP targets opportunities that facilitate the multi-decade shift to low-carbon energy through growth equity and control buyout investments.TEP concentrates its investments across three core strategies: Renewable Energy, Decarbonization Infrastructure, and the Clean Energy Supply Chain. The firm partners closely with leading developers and management teams to deliver cost-efficient, reliable, and low-carbon solutions that support the decarbonization of the economy. With over $261 million invested, TEP leverages deep industry expertise and a hands-on approach to create value and drive operational improvements in its portfolio companies.Led by founder Pat Eilers, who has over 20 years of experience in energy infrastructure investing including senior roles at BlackRock and Madison Dearborn Partners, TEP has built a strong track record with more than $2 billion invested across the energy transition. The firm’s mission centers on generating sustainable, risk-adjusted returns while advancing Responsible Decarbonization™ in North America’s energy sector.

Founded in July 2011, True Green Capital Management LLC (TGC) is a specialized renewable energy infrastructure private equity firm headquartered in Westport, Connecticut. The firm focuses on distributed power generation, particularly in sub-utility scale solar projects, across the United States and Europe. TGC has developed a robust portfolio of solar assets, emphasizing projects that deliver stable cash flows with low correlation to broader markets. With a team experienced in originating, financing, constructing, and operating renewable energy projects, TGC has successfully invested in a distributed solar power generation portfolio spanning multiple U.S. states, the United Kingdom, and France. The firm's investment strategy leverages favorable regulatory environments and technological advancements to capitalize on the growing demand for clean energy solutions. In June 2022, TGC announced the final close of its fourth fund, True Green Capital Fund IV, securing $660 million in capital commitments, exceeding its initial $500 million target. This fund continues TGC's commitment to investing in distributed renewable energy projects, further solidifying its position as a leader in the renewable energy investment sector.