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The Fifth Fuel Fund
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 Fifth Fuel Fund ("FFF") provides 100% financing to support energy performance projects and programs in select non-residential markets. FFF focuses on real estate sub-sectors such as affordable housing, health care, education and single-tenant industrial where cap rate trends and existing leverage facilitate property owner interest in energy performance projects. FFF's objective is to spur growth in the energy efficiency industry through open origination and strong monitoring and verification of energy savings.
FFF is managed by Abundant Power Solutions ("APS") which has an extensive background in fund management, energy efficiency, loan underwriting and asset management. APS is a subsidiary of Abundant Power Group which was formed in 2009 to address the needs of the renewable energy industry, including the fifth fuel - energy efficiency.
Asset class
Fund status
Fund style
Not listed
Financial description
The Fifth Fuel Fund will raise approximately $150 million in equity to be leveraged by approximately $350 million of debt capital from participating major lenders for a total fund size of $500 million.
13 years
of track record
2011
the year funded
150,000,000 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: Cleansource Growth Equity I, LP
Key performance indicators
Fund overview
Asset manager: Abundant Power Capital
Product track record: Fund has 13 years of track record
Target IRR: 20%
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:
Inception year: 2011
Vintage year: 2011
Target region: Developed countries, More developed regions, More developed regions (North America, Asia & Oceania), United States of America
Target close date: 01/06/2011
Product term: 10 year term
Assets under management: 150,000,000 USD (US Dollar)
Investment size: Min: 1,000,000; Max: 40,000,000; Avg: 7,500,000
Co-investment policy:
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: 1.25%
Carried interest: 20%
Hurdle rate: 8%%
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors
Contact
E-mail: gmontgomery@abundantpower.com
Website: http://www.abundantpower.com
Phone number: 704-271-9884
If you wish to have your details removed from this database please email gdpr@impactyield.com
Lori Collins
Managing Director
Shannon Smith
CEO
Impact Performance
n.a.
Impact thesis
The Fifth Fuel Fund ("FFF") promotes energy efficiency and energy conservation by providing 100% financing for energy performance improvements on non-residential properties. FFF acts as a bridge and aggregation vehicle between nonresidential property owners with "cash flow positive" energy efficiency projects and liquid secondary markets demanding scale and standardization. Large scale energy efficiency retrofit activity creates sustainable jobs, protects natural resources, and promotes homeland energy security. Approximately 70% of U.S. energy usage is from buildings. If building energy usage is reduced 20%, it would save the country in excess of $300 billion per year.
Impact Management
n.a.