SER Capital Partners: Debut Fund Closed At $475 Million

By Dan Anderson ● Sep 21, 2022
  • SER Capital Partners (SER) recently announced it closed the debut fund with $475 million. These are the details.

SER Capital Partners (SER) – a private investment firm dedicated to sustainability – recently announced the final closing of its SER Capital Partners I, LP, and affiliated vehicles. 

Fund amount: $475 million

Partners: Rahul Advani, Sara Graziano, Christopher Smith, and Rhem Wooten

SER has already directly originated investments in 4 portfolio companies:

1.) Microgrid Networks – Helps meet New York City’s critical infrastructure needs by developing and installing battery storage assets coupled with related infrastructures, such as high-speed electric vehicle charging capabilities.

2.) Perfect Power – A fast-growing energy storage and renewable development business formed by SER, is active in high-demand markets across the United States.

3.) Brightcore Energy – A leading provider of end-to-end clean energy solutions to the commercial and institutional market, is using SER’s investment to better enable it to help buildings transition legacy energy platforms to significantly more efficient ones.

4.) SER also developed and built a portfolio of Texas battery storage assets that it exited in an M&A transaction earlier this year.

KEY QUOTES:

“We collectively built SER to meet the critical market need for an experienced and aligned private investment firm dedicated to sustainable, environmental and renewable sectors. We are committed to economically meeting the burgeoning customer demand for decarbonized, distributed, digitized, and electrified solutions.”

“Looking ahead, we see a myriad of compelling investment opportunities that move us beyond legacy industrial processes heavily reliant on fossil fuels and subject to extreme commodity volatility – including those benefitting from the supportive patchwork of local, state, regional and recently expanded federal policies. Importantly, we are enthusiastic about our ability to invest in teams, businesses and assets that are poised to deliver attractive returns and protect our energy security and climate future.”

— Rahul Advani, SER’s founder and Managing Partner