TGC is a specialized renewable energy infrastructure investment firm based in Westport, Connecticut. Since 2011, TGC has deployed over $1.2 billion of total capital representing an ~520 MW portfolio across 14 U.S. states and France.
TGC has raised four private equity funds with over $1 billion of equity capital, including Fund IV which closed in May 2022 with over $660 million of equity from primary segments of the institutional market, including U.S. public and corporate pension plans, U.S. and UK insurance companies, endowments, foundations, global asset managers, wealth managers, fund-of funds, and family offices.
Apex Group has been selected to support Fund IV with the provision of fund administration and investor reporting solutions. Fund administration is the foundation of Apex’s single-source solution, delivering timely, accurate and independent services, underpinned by market leading technology platforms. According to a Total Economic Impact (TEI) report by Forrester Consulting, clients of Apex Group’s single-source solution achieve, on average, cost benefits of $5.39m, with a net present value of $2.75m over a three-year period.
This announcement further evidences Apex Group’s continued role as the global administrator of choice for environmentally-driven real assets funds, having been appointed to deliver services to renewable energy investors Octopus Investments Australia and Federation Asset Management’s Sustainable Australian Real Asset Trust.
Guy Moritz, Business Development, Private Equity & Real Estate at Apex Group comments: “In 2023, renewable energy infrastructure has continued to be a hotspot of fundraising and investment activity, with experienced managers with strong track records - such as TGC - attracting significant interest from investors. We are delighted to be working with TGC, a leading renewable energy infrastructure investor.”
Rami Naber, Chief Accounting Officer, TGC adds: “Apex Group came highly recommended for their exceptional client service and extensive experience of supporting specialized energy infrastructure funds. We have been impressed with the team’s technical knowledge, attention to detail and the efficient onboarding and launch process. We look forward to working with the support of Apex Group, which will enable us to focus on our strategy of investing in distributed power generation assets.”
Apex Group remains committed to driving positive change in the communities in which it operates, recently issuing its first Sustainability Report, a voluntary disclosure offering transparency on its initiatives in climate action
About Apex Group:
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 80 offices worldwide and 12,000 employees in 38 countries, Apex Group delivers an expansive range of services to asset managers, financial institutions, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody, super ManCo services, corporate services including HR and Payroll and a pioneering ESG Ratings and Advisory solution. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three core areas; the Environment and Climate Change, Women’s Empowerment and Economic Independence, Education and Social Mobility.
Press contact:
Antonia Powell | antonia.powell@apexgroup.com
About TGC:
True Green Capital Management LLC is a specialized renewable energy infrastructure investment firm based in Westport, Connecticut. Having developed the capabilities of a direct operating business, TGC has raised four private equity funds with over $1 billion of equity capital, including closing in May 2022 its fourth fund with over $660 million of equity to be invested over the next four years. To date, TGC has invested in distributed solar power generation portfolios across 14 U.S. states and France, delivering clean and reliable renewable energy to its counterparties. The firm was founded in July 2011 and is led by a team of investment professionals with a proven track record and the demonstrated capacity to originate, finance, construct, operate, and exit distributed renewable power generation projects on an institutional scale. To learn more, visit https://truegreencapital.com/
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