Crown Capital Partners increases size of IEP fund to $58 mln

Canadian specialty finance firm Crown Capital Partners has up-sized Crown Capital Power LP with $43 million in commitments, bringing total capital to $58 million. The resources were provided by existing institutional investors as well as Crown, which grew its overall commitment to $25 million. Launched last year, the fund invests in integrated energy platforms (IEP) that supply electric and thermal energy to mid- to large-scale consumers, such as industrial and commercial businesses, recreational facilities and condominiums. Crown said the new capital will support additional projects identified by the fund’s expanded network of operator partners in and outside of the Ontario market.

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