Green Infrastructure | November 17, 2021

Spring Lane Capital reaches $151 million first close for its second sustainable infrastructure fund

Amy Cortese
ImpactAlpha Editor

Amy Cortese

ImpactAlpha, Nov. 17 – The Boston and Montreal-based private equity firm is looking to raise $400 million to support food & ag, energy, water, waste and transportation entrepreneurs and projects in North America.

Spring Lane’s first fund, which is almost fully committed, has made six investments, including new investments in Vandalia Growers USA, an indoor grower of tomatoes in West Virginia, and an animal waste-to-renewable fuels developer. Previous investments include “EV as a service” provider 7 Generation Capital and composting company Atlas Organics.

“The sustainability market for private equity has never been stronger,” said Spring Lane’s Rob Day. “There’s significant interest from a wide array of institutional investors including pension funds and banks in project capital that can catalyze sustainable infrastructure.”