Holland & Knight represented Aiga Capital Partners in the formation of its debut climate infrastructure fund with more than $240 million of capital commitments from seven limited partners comprising pension funds, family offices, fund of funds, outsourced chief investment officers (OCIOs), foundations and other institutional investors. The closing of the fund was announced on Sept. 4.
Aiga's investments will be used by asset development platforms to accelerate the growth and materialization of sustainable infrastructure across North America. Their initial investments include 1) a credit facility for Nexus Renewables Inc., a renewable energy platform based in Toronto, Canada, engaged in the development, acquisition, financing, construction and operations management of distributed and utility-scale solar and storage facilities in the United States and Canada, and 2) a credit facility for Spearmint Energy, a leading Miami-based developer, owner and operator of battery energy storage systems (BESS) projects throughout the U.S.
Headquartered in Jersey City, New Jersey, Aiga is a minority-owned investment adviser that is investing in North American-based companies developing sustainable infrastructure assets. Aiga primarily targets middle-market companies developing assets in the renewable energy, energy storage, energy efficiency, electric vehicle charging, and low-carbon chemicals and fuels sectors.
Holland & Knight's representation of Aiga's fund formation was led by Partners Bradley Van Buren and Stacy Thomas, who were assisted by Associate Olivia Brown. Holland & Knight also represents Aiga in its investment activities, led by Partner Michael Emerson and assisted by Associate Alexei Chijoff-Evans.
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