Spring Lane Capital and OMERS Infrastructure Agree to Explore Investments
Posted on 09/22/2022
Spring Lane Capital is a private equity firm based in Boston, MA and Montreal, QC focused on providing hybrid project capital for sustainability solutions in the energy, food, water, waste, and transportation industries. OMERS Infrastructure and Spring Lane Capital have agreed to partner to explore investments in growing businesses in North America that address sustainability in sectors including food, water, energy, transport, and waste.
Under the new partnership, OMERS Infrastructure and SLC will leverage their respective strengths in infrastructure and sustainable growth to identify and pursue investment opportunities in growing businesses across a wide range of distributed infrastructure sectors that focus on sustainability solutions. OMERS Infrastructure and SLC believe that this combination will provide companies and management teams with a differentiated and scalable capital solution as they look to expand their businesses.
In August 2022, Spring Lane Capital held a third close of approximately US$ 50 million for its second private fund, bringing this fund’s total assets under management (AUM) to US$ 250 million and Spring Lane Capital’s total AUM to US$ 400 million.
On July 6, 2022, Spring Lane Capital conduct a debt facility commitment of up to US$ 50 million, plus a co-led Series A equity investment in, EVCS Charging Solutions, Inc., or EVCS, an electric vehicle (EV) fast-charging network operators on the West Coast of the U.S. Spring Lane’s commitment will support EVCS’ expansion into 35 new cities across California and Washington as well as increasing charger density in its existing communities. Since the company’s inception in 2018, EVCS has installed over 600 publicly accessible chargers, primarily in California, with over 200 of those being Direct Current Fast Chargers.
Keywords: Ontario Municipal Employees Retirement System.