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True Green Capital: Funds III & IV

Type: High Impact Investments, Real Assets

Topic: Renewable Energy

Status: Current

In the photo above, Los Angeles Mayor Eric Garcetti celebrates a new solar array built by True Green Capital (“TGC”). This fund provides equity capital for building distributed energy infrastructure projects – power generated at the place where it’s used rather than drawn from the conventional grid. TGC focuses on commercial and industrial solar projects and its investments may also include battery and other synergistic technologies.

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Fund III: $7.5 million; originated in 2017

Fund IV: $10 million; originated in 2022

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TGC’s most recent fund builds and operates projects that reduce greenhouse gas emissions. Their investments help industry participants save money on electricity, thus creating new business support for renewables. The fund’s impacts map directly onto McKnight’s Midwest Climate & Energy program goals to decarbonize the power sector.

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No financial returns to report; fund is in capital deployment stage.

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Lessons Learned

Too early to report

Photo Credits: True Green Capital

Disclaimer of Endorsement: The McKnight Foundation does not endorse or recommend any commercial products, processes, or service providers.

Last updated 11/2017