Generate Capital raises another $880M
Generate Capital, the SF-based infrastructure investor and operator, raised a fresh $880.6 million, per a filing with the SEC.
Why it matters: Generate is among the most well-known investors in climate tech and low-carbon infrastructure.
What's happening: Generate raised $880.6 million, according to the Jan. 6 filing. The sale opened Dec. 23. ImpactAlpha first reported on the raise.
Flashback: Generate previously raised $2 billion in 2021, chiefly from institutional investors.
- It was co-founded by Jigar Shah, who now leads the Department of Energy's Loan Programs Office.
Context: The firm often holds onto the infrastructure assets it backs, taking the role of operator in addition to investor.