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Exclusive: Private equity bet on troubled Caribbean refinery blows up on retirement funds

EXCLUSIVE Private equity bet on troubled Caribbean refinery blows up on retirement funds

U.S. private equity firm Arclight Capital Partners LLC, which invests the retirement savings of Maine teachers, NFL football players and Mayo Clinic doctors, lost hundreds of millions of dollars betting on a troubled Caribbean oil refinery, according to sources and documents reviewed by Reuters.

CIT Serves as Coordinating Lead Arranger for Approximately $200 Million Illinois Solar Financing

CIT Serves as Coordinating Lead Arranger for Approximately $200 Million Illinois Solar Financing News provided by Share this article Share this article NEW YORK, May 27, 2021 /PRNewswire/  CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as coordinating lead arranger for approximately $200 million in financing for the 149-megawatt Big River solar power project in White County, Illinois. The project sponsor is D. E. Shaw Renewable Investments (DESRI), a leading provider of cost-effective renewable energy across North America. DESRI is part of the D. E. Shaw Group, a global investment and technology development firm with more than $55 billion in investment capital.

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