Capital Dynamics, a global private asset management company, has announced the final closing of its US Solar Energy Fund, an investment program targeting direct investment in solar energy projects across the U.S.
The final closing ends a fundraising round that generated a total of $282 million in committed capital from over 15 global institutional clients from the U.S., the U.K., Australia, Germany, Korea and Japan, as well as from high-net-worth individuals and family offices.
The fund is focused primarily on commercial-scale solar photovoltaic projects – including both ground-mounted and rooftop installations – located in multiple U.S. states. It has committed capital to over 50 projects in varying stages of completion in Massachusetts, New Jersey, Pennsylvania and California.
The fund's project investments are typically supported by power purchase agreements with a duration of 20 years or more with investment-grade utilities and corporations.