SER Capital Partners: Securing Strategic Investment for Sustainable Growth in Renewable Businesses

In an exciting development for the sustainable investment landscape, SER Capital Partners has announced a strategic minority investment from Capricorn Investment Group's Sustainable Investors Fund. This partnership will provide SER with the resources to enhance its infrastructure, capital base, human capital, and overall resources as it continues to invest in middle-market businesses within the sustainable industrial, environmental, and renewable sectors across North America.

SER Capital Partners, led by partners Rahul Advani, Sara Graziano, and Rhem Wooten, focuses on investing in companies that are well-positioned to meet the increasing demand for economic and sustainable assets, products, and services. With over $500 million of capital commitments closed in the past four years, SER has already invested in six portfolio companies in sectors such as battery storage, electric vehicle charging, distributed renewables, energy efficiency, and environmental remediation.

Capricorn Investment Group's Sustainable Investors Fund, which provides long-term capital to support the growth of asset management firms in the sustainability and climate space, recognized the shared vision and opportunity with SER Capital Partners. Both companies are dedicated to sustainable, environmental, and renewable sectors. This strategic investment will enable SER to further grow and create value for its limited partners, while staying true to its investment strategy and mission.

SER Founder and CEO Rahul Advani expressed his enthusiasm for the partnership, stating, "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." He emphasized that Capricorn SIF's investment will not only strengthen SER’s ability to generate new opportunities and support portfolio companies but also expand its access to investors and asset owners in the sustainable investment space.

Capricorn Partner William Orum also expressed confidence in SER's differentiated strategy and leadership team, stating, "We believe that SER’s differentiated strategy and leadership team will enable the firm to create value for its investors while building the next generation of sustainable businesses." This partnership aligns with Capricorn Investment Group's mission to demonstrate the potential for sustainable investment practices to enhance risk-adjusted returns and address pressing global challenges.

The partnership between SER Capital Partners and Capricorn Investment Group is an important step towards advancing sustainable investment and creating a positive impact in the renewable sector. With both firms dedicated to responsible investing, combined with SER's extensive experience in sustainable industrial, environmental, and renewable businesses, this collaboration has the potential to drive meaningful change and contribute to the development of a greener and more sustainable future.

In terms of legal counsel, Kirkland & Ellis LLP represented SER Capital Partners, while Cooley LLP served as legal advisor to Capricorn SIF.

About SER Capital Partners:

SER Capital Partners is an independent, middle-market private equity firm focused on investing in sustainable industrial, environmental, and renewable businesses in North America. With decades of experience in its targeted sectors, its team members combine private equity investment expertise with a commitment to measuring and improving sustainability metrics in line with the UN Principles for Responsible Investing. For more information, visit www.sercapitalpartners.com.

About Capricorn Investment Group:

Capricorn Investment Group is one of the largest mission-aligned firms globally, managing over $9 billion in multi-asset classes for foundations and institutional investors. Its Sustainable Investors Fund aims to create value through investment in asset managers that incorporate sustainability as a key driver of investment returns. With offices in New York City and Palo Alto, Capricorn Investment Group aims to demonstrate the enormous investment potential in breakthrough commercial solutions to the world's most pressing problems. For more information, visit www.capricornllc.com.

In summary, the strategic investment by Capricorn Investment Group's Sustainable Investors Fund in SER Capital Partners will provide resources and support for the growth and success of sustainable industrial, environmental, and renewable businesses in North America. This partnership exemplifies the commitment of both firms to responsible investing and the potential for sustainable practices to generate positive impact and attractive returns.