Greenbacker Development Opportunities Fund I closes fundraising

Greenbacker Capital Management, LLC has announced that its Greenbacker Development Opportunities Fund I, LP (GDEV) has completed fundraising at US$142 million, nearly reaching its US$150 million hard caps.

The Fund, launched in October 2020, provides flexible capital and access to Greenbacker’s best-in-class technical asset management team for growth-stage sustainable infrastructure companies. As of the Fund’s final closing, GDEV has made its first eight investments across multiple clean energy technologies, including solar photovoltaic electricity generation, hydroelectric generation, and battery storage.