Orion Energy Partners closes US$1.08bn Infrastructure Credit Fund III

Orion Energy Partners has reached the final close of Orion Energy Credit Opportunities Fund III (Fund III). Through an oversubscribed offering exceeding the initial target of US$900 million, Orion received US$1.079 billion in capital commitments from investors across six continents. 

Orion Energy Credit Opportunities Fund III will target investments between US$40 and US$200 million per transaction into environmentally innovative infrastructure sectors such as Renewable Fuels, Energy Efficiency, Sustainable Power Generation, Waste (resource recovery, recycling), Water, Transportation Infrastructure, and Digital Infrastructure. The team will continue to scout for companies across North America as potential partners, with approximately 10% of Fund III already committed across two platform investments: Bakersfield Renewable Fuels, a renewable diesel bio-refinery and a wholly-owned subsidiary of Global Clean Energy Holdings, and Highland Pellets, a producer of sustainably sourced biomass pellets supplying industrial and power markets in Europe with a replacement fuel for thermal coal.

Asante Capital acted as an exclusive global placement agent, and Latham & Watkins LLP served as legal counsel to Orion.