PE Firm Targets $350M Biomass, Waste Energy Fund

Law360, New York (February 27, 2012, 4:33 PM EST) -- New Canaan Capital Management LLC, a Connecticut-based private equity firm, will begin raising a $350 million fund to build as many as 11 biomass and waste-to-energy plants around the world, it confirmed Monday.

Matching equity raised from institutional investors with debt, Green Energy Opportunity Fund LP could finance up to $1 billion in renewable energy projects that New Canaan plans to build from the ground up, said Jeffrey Weisz, a senior managing director.

The firm, which is launching its first private equity fund, has signed agreements...
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