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Solar Energy Transformation Fund LLC

United States of America

Last updated 6 January 2022, by Impactyield.

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Solar Energy Transformation Fund LLC provides capital for solar companies, solar assets and solar projects in emerging economies.


Asset class

Fund style

Not listed


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.

4 years

of track record

2019

the year funded

50,000,000 USD

AUM

Interested in this fund?
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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

SunFunder

Website

Headquarters location:

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 4 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:

Product status:

Style/Stage:

Inception year: 2019

Vintage year: 2019

Target region: ,

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: ,

Currency of investments:

Currency for fund / product figures:

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

Impact Performance

n.a.

Impact thesis

Impact Management

n.a.

Financial benchmark