The Virginia Retirement System (VRS) has committed $100 million to True Green Capital Fund V, a closed-end infrastructure fund investing in renewable-energy assets in the United States and Europe.
True Green Capital Fund V is managed by True Green Capital Management, a specialized renewable energy infrastructure fund manager with a focus on distributed power generation.
The firm believes the demand for power, the continued increase of power prices, decreasing entry costs of distributed power generation technology, and the efficiency of creating and delivering price-competitive electric power at the source will continue to lead to compelling investment opportunities, which provide a stable cash flow stream with low correlation to the broader markets.
True Green Capital is currently focused on investing in the United States, the United Kingdom and the European Union, which account for a notable portion of the approximately $1.5 trillion global distributed power ge
