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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.