Firm’s first fund has backers from around the globe. Chris Moakley, managing partner of Excelsior Energy Capital Provided photo
Maybe you’ve never heard of Excelsior Energy Capital. But that’s about to change. The Excelsior-based renewable energy investor just closed on its first-ever fund, backed by an eye-popping $504 million. The fund looks to acquire wind farms and solar power plants across the U.S. and Canada. The fund exceeded its $500 million target.
“The fund will own the assets and be the active manager of the assets,” said Chris Moakley, managing partner of Excelsior Energy Capital. “We have 17 limited partners. Our investors are in six different countries.”