Wednesday, April 10, 2019

Church Pension Invests $40 Million in Clean Energy Projects

From Chief Investment Officer-

The Church Pension Fund (CPF), a financial services organization that serves the Episcopal Church, has invested $40 million in the New Energy Capital Infrastructure Credit Fund II, LP, which will invest across clean energy infrastructure assets in North America, including solar, wind, energy efficiency, storage, and water.

The fund is managed by New Energy Capital Partners, LLC (NEC), an alternative asset management firm that invests across the capital structures of small and mid-sized clean energy infrastructure projects and companies.

“This investment will support the development and operation of clean energy infrastructure assets throughout North America,” Roger Sayler, CIO of the Church Pension Fund, said in a release. “We look forward to building our relationship with NEC as we continue to explore future impact investments that meet our goal of generating attractive returns with positive social impact.”

More here-

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