Marathon Capital is pleased to announce PosiGen has closed a $100 million preferred equity investment. Magnetar Capital’s Energy & Infrastructure group was the lead investor in the financing. Existing PosiGen investors, including Emerson Collective, Irradiant Partners, Activate Capital, The Builders Fund, SJF Ventures and The Kresge Foundation also participated in the financing.
PosiGen is the nation’s leading provider of renewable energy and energy efficiency solutions for low-to-moderate income (“LMI”) households. This transaction provides significant growth capital for PosiGen to accelerate its efforts to close the clean energy affordability gap for LMI homeowners by delivering lower cost utility bills and the environmental benefits of clean energy through residential solar, storage and energy efficiency upgrades.
Marathon Capital acted as PosiGen’s exclusive financial advisor on the transaction. The transaction demonstrates Marathon Capital’s continued leadership in the distributed generation market.
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