According to a report from Dow Jones, a new private equity firm is earmarking $1 billion for its first renewable energy investment fund.
Hudson Capital Management LP, the Teaneck, N.J.-based firm headed by former Goldman Sachs Group Inc. partner Neil Auerbach, has received $60 million in commitments for its Hudson Clean Energy Partners LP fund from anchor investors including Macquarie Global Private Equity Securities Fund and Wolfson Group, Dow Jones says.
"The fund will invest in renewable generation and clean energy operating companies in sectors including wind, solar and biomass," the report adds.
