Spring Lane Capital has completed a first close of $151 million for its second private fund, against a target of $400 million.
The fund will seek to back entrepreneurs and project developers in sustainable infrastructure sectors, such as food and agriculture, energy, water, waste and transportation.
These commitments double Spring Lane Capital's current assets under management and will allow the firm to expand its team and geographical footprint.
Spring Lane Capital's inaugural private fund raised $157 million in commitments, wrapping up fundraising in November 2019. Two years after the closing, the fund has already committed a substantial majority of its capital.
“Many of the LPs that participated in our inaugural private fund are reupping and even increasing their commitments for the second fund, which reflects the efficacy of our unique investment strategy,” said Christian Zabbal, managing partner and co-founder of Spring Lane Capital. “We now ha