Spring Lane Capital (SLC) has announced the final close of its Spring Lane Capital Fund II, bringing Spring Lane Capital’s total Assets Under Management (AUM) to US$447 million.

SLC is a private equity firm dedicated to scaling the infrastructure of the future by implementing sustainable solutions in the energy, food, water, waste, and transportation sectors. With the conclusion of the final closing, the total capital commitments for Spring Lane Capital Fund II have reached US$290 million, almost doubling the size of the firm's previous fund. The fund provides financing to entrepreneurs and project developers who are driving innovation in these industries. The funding from Spring Lane Capital Fund II will be utilized to capitalize on the expanding opportunities in scaling the deployment of climate technology. The investments made by SLC:

1. Argo Development Partners: SLC committed up to US$56 million, including a debt facility, Series A equity investment, and project equity commitment in Argo Development Partners. Argo is an experienced developer of distributed, sustainable infrastructure that brings benefits to agricultural communities.

2. Spring Free EV: SLC committed US$31 million, which includes a debt facility and a Series A equity investment in Spring Free EV. The company focuses on providing electric vehicle solutions.

3. EVCS Charging Solutions: SLC committed up to US$50 million through Fund II, which includes a debt facility and a co-led Series A equity investment in EVCS Charging Solutions, Inc. EVCS specializes in charging solutions for electric vehicles.

4. Andion: SLC made its 1st investment in the renewable natural gas (RNG) sector through Andion. Specific details about the investment were not provided.

These investments reflect SLC's focus on sustainable infrastructure and the adoption of clean technologies in various sectors.