Credit Strategy
The scale of our sourcing network, combined with our extensive borrowing experience as one of the sector’s most-active investors, has positioned us to be an effective solutions provider across the entire capital structure.
Strategy
We readily source lending opportunities and assets in our core areas of equity ownership, and structure loan packages that work for the asset owner while adequately protecting our investment.
Our first-hand structuring experience gives us a unique perspective relative to lenders who have never owned assets in the sector and who have never been a borrower.
- Emphasis on capital preservation and downside protection
- Proprietary origination through the ECP platform
- Creative and customized structuring approach
- Cash yield component
- Thoughtful portfolio construction and diversification
Credit Opportunity
Elevated Sector Capital Needs
Growing demand for project funding continues as the societal push grows for decarbonization. This spending is driven by state and Federal level funding, along with private and public corporate mandates. Capital demands are driven primarily by infrastructure needed to support renewable power expansions and grid reliability.
Sector Transformation and Policy Support
Achieving meaningful reductions in carbon emissions will require the electrification of a number of sectors across the economy, driving both increased demand for clean energy investments and potentially increasing aggregate electricity demand. The power sector is being disrupted as natural gas and renewables gain market share at the expense of coal and nuclear. All of these activities are drawing significant policy support at the state and Federal level to help grow an industry creating abundant high paying jobs, addressing important environmental challenges.
Investment Team
Firm-wide origination and diligence effort, coordinated and led by a dedicated credit team.