Lieef, a private equity firm focused on emerging infrastructure, announced it has officially closed the initial set of capital commitments into its inaugural fund (Lieef GP Capital Fund). Named for an approach towards investing principally, the fund centers on project and corporate investments into emerging infrastructure opportunities with the capability to invest in both companies and projects and as a control or minority investor. While limited, the fund can deploy tax and cash equity for strategically essential opportunities.
Founded by Brad Kavin – a founding member of BlackRock’s Renewable Power and Energy Infrastructure Platform and Anthelion Capital (formerly Cowen Sustainable Investments – the team expanded to include additional investment professionals and plans to grow further over the next 12 to 24 months.
The fund’s target investment parameters include:
1.) Sector focus such as renewable power generation and storage, electric vehicle charging, sustainable fuels, and wastewater.
2.) A target investment size of $25 million to $75 million per opportunity, with the ability to scale the initial investment size down (if required) or up alongside our co-investment partners. The minimum investment size can scale down based on the scalability of the opportunity itself over time.
3.) Opportunities must utilize proven technologies.
4.) Experienced and talented management teams and/or project developers where applicable.
5.) While the fund’s mandate offers the flexibility to invest in OECD countries, the firm prioritizes opportunities in the United States and Canada.
KEY QUOTE:
“We took careful time to find partners who not only share our vision but add value to our business beyond their capital commitments. We are investors, but we are also entrepreneurs, so we think of capital as one of the many tools we have to support our partners. As such, we intend to invest in a limited number of opportunities to allow us to be focused on supporting our partners’ growth objectives.”
- Brad Kavin
