Global investment firm Carlyle has announced a strategic investment in North Bridge ESG LLC for the provision of up to $1 billion in commercial property assessed clean energy (C-PACE) financing. This partnership will leverage Carlyle’s expertise in asset-backed finance and real estate credit, enabling North Bridge to expand its offerings to institutional borrowers across major markets. C-PACE financing is a fixed-rate, private credit solution secured by local property assessments, used for new construction, renovations, acquisitions, and recapitalizations. Carlyle’s unprecedented $1 billion commitment is poised to transform the C-PACE market, creating significant growth opportunities. Legal advisors for the transaction included Paul Hastings LLP for Carlyle and Latham & Watkins LLP and Chapman and Cutler LLP for North Bridge.
Private Equity, Commercial Real Estate Finance, Clean Energy,United States
https://www.carlyle.com/media-room/news-release-archive/carlyle-and-north-bridge-announce-strategic-partnership-provide-1