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Partners Group-backed Budderfly secures $400m financing package from Vantage and Nuveen
Investors - JANUARY 23, 2024

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Partners Group-backed Budderfly secures $400m financing package from Vantage and Nuveen

by Kali Persall

Partners Group-backed Budderfly, ranked as one of the fastest-growing energy-as-a-service (EaaS) companies in the United States, has locked in a $400 million senior debt facility co-led by Vantage Infrastructure and Nuveen’s energy infrastructure credit team.

The financing, originated by Vantage, will go to support Budderfly’s next stage of growth and help accelerate clean-energy technology adoption across the mid-market.

Under the terms of the transaction, Vantage and Nuveen have committed $200 million to Budderfly at close, along with an option that provides Budderfly access to an additional $200 million in financing. The capital will support Budderfly’s continued ability to identify and deploy energy-saving technologies, including high-performance HVACs, solar panels, smart thermostats and more for the growing number of small and medium-sized commercial buildings across the United States in need of cost-effective decarbonization solutions.

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