CHICAGO, IL – September 30, 2015 – Marathon Capital is pleased to announce the closing of a series of capital investments for Sunlight Financial, LLC, a provider of financing for the residential solar market. The commitments provide Sunlight Financial with access to $300 million of capital, including $80 million of growth capital from lead investor Tiger Infrastructure Partners, an independent private equity firm focused on providing growth equity financing for middle-market infrastructures assets and business, and founding investor Hudson Clean Energy Partners, a leading global private equity firm specializing in renewable energy. Sunlight Financial will use this round of capital towards growing its business platform and increasing access to lower cost financing alternatives for residential rooftop solar assets.
Marathon Capital served as exclusive financial advisor and placement agent to Hudson Clean Energy Partners and Sunlight Financial with respect to the growth capital financing.
“Sunlight Financial’s loan financing products and platform represent real innovation to capitalize on the massive growth opportunity within the residential solar market. It has been a pleasure to work with Sunlight’s management team and Hudson Clean Energy Partners to facilitate this impressive capital raise,” said Ted Brandt, CEO of Marathon Capital.
“We are pleased to welcome Tiger as our partner,” said Neil Z. Auerbach, CEO of Hudson Clean Energy Partners. He added, “from the outset of our conversations, Tiger proved to be thoughtful and collaborative, and brings the skills and expertise to add value to Sunlight. Tiger’s involvement will catalyze Sunlight’s next phase of success as a standalone and independently capitalized industry player.”
About Marathon Capital
Marathon Capital is a leading financial advisory and investment banking firm focused on providing financial advice in the areas of M&A, capital raising of debt and equity, project finance, tax equity, financial restructuring, recapitalization, bankruptcy and workout situations in the global energy and infrastructure markets. Marathon Capital is a two-time recipient of the “Best Renewable Asset M&A Advisor” award in Power Finance & Risk’s Annual Power Finance Deals and Firms Awards (2013 & 2014). www.marathon-cap.com
About Sunlight Financial
Sunlight Financial provides consumer loans to finance the purchase of residential solar systems, allowing customers to realize the benefits of system ownership and save money on their utility bills. The company offers its loan products through partnerships with market-leading installation and sales platforms. For more information, please visit www.sunlightfinancial.com.