Spring Lane Capital has achieved a second close of approximately US$50 million for its second private fund, Spring Lane Fund II, bringing this fund’s total AUM to US$200 million. Spring Lane Capital secured a US$151 million first close of the second fund in November 2021.

Spring Lane Capital is targeting US$400 million in total capital for its second fund. The fund finances entrepreneurs and project developers in the sustainable infrastructure sectors including food & agriculture, energy, water, waste, and transportation.

The fund has invested in renewable natural gas company Andion, which delivers comprehensive waste-to-energy solutions that recycle organic waste and create renewable energy.