Greenbacker Group has entered into a strategic partnership with 1251 Capital Group, a financial services holding company that invests in differentiated, active asset managers and leverages its unique expertise in multi-channel product distribution to accelerate growth. As part of the partnership, 1251 Capital also will take an equity stake in Greenbacker.
The new partnership will position Greenbacker for further accelerated growth by leveraging the 1251 Capital team’s extensive product distribution expertise. It also will expand Greenbacker’s capital base, enabling the firm to pursue strategic transaction opportunities, including potential corporate acquisitions and investments in other managers of renewable assets.
Additional details of the partnership were not disclosed.
With more than $1 billion in operating assets as of Nov. 30, 2020, Greenbacker invests in a diversified portfolio of income-producing renewable energy power facilities and energy-efficient