Hudson Clean Energy Partners has closed its debut fund, Hudson Clean Energy Partners, L.P., with commitments of $1.024 billion, surpassing its target of $1 billion. The partnership says it will deploy this capital along with coinvestment commitments to expand the firm’s current investment portfolio in the clean energy markets.
C.P. Eaton Partners served as lead placement agent for the fund and was assisted by Credit Suisse Securities (USA) (Alternative Investments) and Poalim Ventures.
Hudson’s current portfolio includes several start-ups from the solar PV sector, including utility-scale power generator Element Power, distributed solar power company Recurrent Energy, UMG solar wafer and cell manufacturer CaliSolar, and SoloPower, a producer of flexible CIGS cells and modules.
Hudson Clean Energy Partners is led by two veteran renewable energy executives Neil Auerbach (pictured) and John Cavalier. Auerbach previously founded the U.S. alternative energy investing business within Goldman Sachs’ special situations group. Cavalier was vice chairman of Credit Suisse’s investment banking department and served as chairman of the energy group and ran the firm’s global RE efforts.
