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Solar Energy Transformation Fund LLC
United States of America
Last updated 6 January 2022, by Impactyield.
Fund geography
Solar Energy Transformation Fund LLC provides capital for solar companies, solar assets and solar projects in emerging economies.
Financial description
the fund provides capital for solar energy projects in emerging economies, including, but not limited to, inventory, construction, and structured asset finance loans for solar lighting, phone charging, micro-grids, and commercial solar projects.
5 years
of track record
2019
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
SDG goals
SDG targets
Equal rights to ownership basic services technology and economic resources
Encourage companies to adopt sustainable practices and sustainability reporting
Universal access to modern energy
Increase global percentage of renewable energy
Expand and upgrade energy services for developing countries
Promote policies to support job creation and growing enterprises
Increase access to financial services and markets
Key performance indicators
Fund overview
Asset manager: SunFunder
Product track record: Fund has 5 years of track record
Target IRR: 5%
Committed Capital: 35,000,000 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return Below risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Open - post first close
Style/Stage:
Inception year: 2019
Vintage year: 2019
Target region: Africa, Emerging countries
Target close date: 01/08/2020
Product term: 8
Assets under management: 50,000,000 USD (US Dollar)
Investment size: Min: 100,000; Max: 7,000,000; Avg: 1,000,000
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: 3
Fund investments to date exited or repaid: 0
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: Yes
Limited Partners / Investors: OPIC, Calvert Impact Capital, Ceniarth, IKEA Foundation
Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Other Institutional Investors
Contact
E-mail: connect@sunfunder.com
Website: http://sunfunder.com
Phone number: 8475210385.00
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Alycia Kellman
Chief Legal Officer
Ryan Levinson
CEO
Impact Performance
n.a.
Impact thesis
Impact Management
n.a.
Financial benchmark
Term Description:
Keywords
Community Investing/LocalEnergy AccessOtherRenewablesRuralSolarUrbanWomen