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Cleansource Growth Equity I, LP
United States of America
Last updated 13 May 2020, by Impactyield.
Fund geography
Developed countries (203) / More developed regions (202) / More developed regions (North America, Asia & Oceania) (153) / United States of America (113)
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.
Asset class
Fund status
Fund style
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.
13 years
of track record
2011
the year funded
50,000,000 USD
AUM
Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
Abundant Power Capital
Headquarters location: United States of America
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
Impact Category
Key performance indicators
Fund overview
Asset manager: Abundant Power Capital
Product track record: Fund has 13 years of track record
Target IRR: 30%
Committed Capital: 0 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Open - no committed capital
Style/Stage: Growth Stage
Inception year: 2011
Vintage year: 2012
Target region: Developed countries, More developed regions, More developed regions (North America, Asia & Oceania), United States of America
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: LPs have priority, With LPs and non-LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
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
Contact
E-mail: ssmith@abundantpower.com
Website: http://www.cleansourcegrowthequity.com
Phone number: 704-271-9884
If you wish to have your details removed from this database please email gdpr@impactyield.com
Greg Montgomery
Managing Director
Scott Pearson
Principal
Impact Performance
n.a.
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
n.a.