SER Capital Partners, a Redwood City, CA-, and NYC-based independent, middle-market private equity firm, received a strategic minority investment from Capricorn Investment Group’s Sustainable Investors Fund.
The amount of the deal was not disclosed.
Led by Founder and CEO Rahul Advani, SER Capital Partners is an independent, middle-market private equity firm dedicated to investing in North American sustainable industrial, environmental, and renewable businesses. The firm’s strategy is to actively create attractive investments by assets while also measuring and improving sustainability metrics in line with the UN Principles for Responsible Investing.
Over the past four years, SER has closed on over $500M of capital commitments and invested in six portfolio companies in sectors spanning battery storage, electric vehicle charging, distributed renewables, energy efficiency and environmental remediation.
Commenting on the news, Rahul Advani said: “We are excited to build a long-term and mission-aligned partnership with the Capricorn team as we seize on the generational investment opportunity to make a real contribution to decarbonization, energy security and a more circular economy. Capricorn SIF’s investment meaningfully strengthens our continuing efforts to originate new opportunities, support our portfolio companies, create measurable impact, and ultimately deliver attractive returns to our limited partners. The Capricorn team also complements and expands our access to investors and asset owners alike given its dedicated focus in the sustainable investment space. Importantly, Capricorn SIF’s investment endows SER with the resources to further grow without any changes to our investment strategy or mission.”
FinSMEs
30/01/2024