PosiGen has obtained a $150 million expanded dedication by way of a direct lending infrastructure fund managed by Brookfield Asset Administration.
Brookfield and PosiGen started working collectively final yr, with funding now totaling $400 million, together with this newest funding.
“Brookfield’s assist for meaningfully upsizing its monetary dedication so shortly is a testomony to the power of our enterprise mannequin and reveals that doing good for communities is sweet enterprise,” says Peter Shaper, CEO of PosiGen.
“With this rising partnership secured, we are able to proceed to scale our enterprise and provides extra clients the chance to realize vitality financial savings and profit from our distinctive financial savings assure with out regard to FICO rating or earnings thresholds.”
PosiGen, a public advantages company, plans to make use of the working capital to scale its enterprise.
Connecticut Inexperienced Financial institution additionally renewed its dedication to the corporate.
