Cleansource Growth Equity I, LP

United States of America

Last updated 13 May 2020, by Impactyield.

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The CleanSource Growth Equity Fund ("CleanSource") invests in high growth manufacturing, distribution, and services companies focused on Energy Performance - the reduction of fossil fuel usage through energy efficiency, energy management and clean energy. CleanSource is managed by Abundant Power Capital, a subsidiary of Abundant Power Group ("APG"). APG was formed in 2009 to help the United States transform into a clean energy economy - which is critical to the United States' economic competitiveness, national security and preservation of natural resources.

Financial description

CleanSource Growth Equity is targeting aggregate investor commitments of $50,000,000 with a minimum first close at $10,000,000 and a hard cap at $100,000,000. CleanSource will target five or more investments of $5 - $10 million each.

12 years

of track record


the year funded

50,000,000 USD


Asset manager

Abundant Power Capital


Headquarters location:

Other funds managed by this asset manager: The Fifth Fuel Fund

SDG goals

SDG targets

Affordable and sustainable transport systems

Encourage companies to adopt sustainable practices and sustainability reporting

Universal access to modern energy

Increase global percentage of renewable energy

Double the improvement in energy efficiency

Expand and upgrade energy services for developing countries

Upgrade all industries and infrastructures for sustainability

Key performance indicators

Fund overview

Asset manager: Abundant Power Capital

Product track record: Fund has 12 years of track record

Target IRR: 30%

Committed Capital: 0 USD (US Dollar)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:


Inception year: 2011

Vintage year: 2012

Target region: , , ,

Target close date: 01/06/2012

Product term: 10 year term

Assets under management: 50,000,000 USD (US Dollar)

Investment size: Min: 5,000,000; Max: 15,000,000; Avg: 7,000,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 0

Fund investments to date exited or repaid: 0

Management fee: 2.5%

Carried interest: 20%

Hurdle rate: 8.00%%

GIIN Investors' Council Investment: No

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors, Retail Investors




Phone number: 704-271-9884

If you wish to have your details removed from this database please email

Greg Montgomery

Managing Director

Scott Pearson


Impact Performance


Impact thesis

CleanSource Growth Equity invests in manufacturing, distribution and services companies focused on Energy Performance - energy efficiency, energy management and clean energy - which enable the United States' transition to a clean energy economy. Energy Performance companies are critical to preserving natural resources, reducing carbon emissions, promoting homeland energy security, creating jobs and maintaining economic competitiveness in the United States.

Impact Management


Financial benchmark

Term Description:


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