JCM Capital launches PE fund targeting solar photovoltaic projects in emerging markets
Canadian private equity firm JCM Capital has launched its Clean Power Infrastructure Fund, which is focused on providing construction and long-term equity financing for solar photovoltaic projects in emerging markets. The fund will invest in countries with suitable regulatory frameworks and electricity demand in Latin and South America and Sub Saharan Africa. The Toronto-based JCM said it has already secured a lead investor for the fund, which is targeted to raise US$150 million, and has obtained US$15 million in commitments that will go toward a US$50 million first closing later this year. In connection with the fund launch, JCM has appointed Tom Heintzman to lead its infrastructure team. Prior to joining JCM, Heintzman founded renewable energy company Bullfrog Power Inc.
