ImpactAlpha, July 13 – The Boston- and Montreal-based firm will use the capital for debt and equity investments in green energy, waste, food and transportation projects and solutions.
Spring Lane also announced a $56 million investment in Argo Development Partners, a developer of sustainable agriculture-based infrastructure such as biofuels, organic fertilizer and green ammonia.
“Argo is a great example of the kinds of innovators in sustainably minded businesses we seek to partner with,” said Spring Lane’s Christian Zabbal.
Deployment
The new fund is nearly double the size of Spring Lane’s first fund, raised in 2019, and brings the firm’s total assets under management to $447 million. In April, Spring Lane provided $31 million in debt and equity to EV financing firm Spring Free EV. Its second fund has also invested in charging infrastructure provider EVCS Charging Solutions and renewable natural gas company Andion.
