Solar Capital Ltd. Acquires Majority Stake in Kingsbridge Holdings LLC

CleanCapital Acquires 22.7 MW, 40-Asset Solar Portfolio From Kendall Sustainable Infrastructure

December 17, 2024

Renewable Energy

CleanCapital acquired a portfolio of 40 solar assets totaling 22.7 MW from Kendall Sustainable Infrastructure (KSI), expanding its operating distributed solar footprint across Vermont, New York and California. Manulife Investment Management and its institutional co-investors committed an additional $145 million of equity to CleanCapital to fund development, construction and future acquisitions; the sale closes out KSI’s first fund dedicated to community solar.

Kingsbridge Holdings Acquires Technology Finance Corporation

October 29, 2019

Financial Services

Kingsbridge Holdings LLC has acquired Technology Finance Corporation (TFC), a Scottsdale-based provider of IT equipment and software leasing and financing for small and mid-sized businesses. The deal, terms undisclosed, expands Kingsbridge's leasing platform and capabilities in the SMB IT leasing and vendor finance channels; Kingsbridge is majority-owned by private equity firm TZP Group.

424 Capital Acquires QE Solar

May 7, 2021

Renewable Energy

424 Capital has completed the acquisition of QE Solar, a Cranford, New Jersey-based provider of operations and maintenance (O&M) services for commercial, industrial, and utility-scale solar and battery energy storage systems. The investment will provide capital to support QE Solar's nationwide workforce growth and expand its capabilities in solar and battery storage services; QE Solar employs over 80 field technicians and engineers and services more than 2.0 GW of C&I solar installations.

KKR Makes Minority Investment in Sol Systems

July 22, 2021

Renewable Energy

KKR made a significant minority growth investment in Sol Systems to scale the renewable energy developer’s Impact + Infrastructure platform and fund the acquisition of shovel-ready solar and storage projects. The investment includes a strategic partnership in which KKR committed up to $1 billion to acquire ready-to-build projects and support Sol Systems’ development, asset management and community-focused renewable solutions.

38 Degrees North Raises Growth Capital from Climate Adaptive Infrastructure and Kimmeridge; Acquires U.S. Light Energy

July 17, 2025

Energy

38 Degrees North closed a growth equity investment from Climate Adaptive Infrastructure (CAI) and Kimmeridge, bringing total growth capital raised to over $230 million. The company also completed the acquisition of Kimmeridge-backed community solar developer U.S. Light Energy, adding a pipeline of more than 250 MW and deepening its distributed solar footprint.

Solaris (DIP Lenders/GoodFinch) Acquires Substantially All Sunnova Assets; SunStrong to Manage Portfolio

September 4, 2025

Energy

Solaris Assets, LLC (an acquisition vehicle formed by an ad hoc group of DIP financing lenders and affiliates and entities controlled by GoodFinch Management, LLC) completed the purchase of substantially all assets and business operations of Sunnova Energy International Inc. in a court‑supervised Chapter 11 sale. The deal was structured as a credit bid plus $25 million in cash and certain cure payments, and Sunnova’s core operations will transition to SunStrong Management, LLC as the asset manager to ensure continuity of residential solar servicing, O&M, and portfolio management.