Draft:Generate Capital

Generate Capital is a U.S. energy fund (financial institution) with over $1 billion AUM From Wikipedia, the free encyclopedia

Founded in 2014 by Scott Jacobs, Jigar Shah, and Matan Friedman, Generate Capital is a San Francisco-based Sustainable Infrastructure Company that builds, owns, operates, and finances projects in power, mobility, waste, water, and agriculture. Operating as a Public Benefit Corporation (PBC), it provides "infrastructure-as-a-service" to accelerate the transition to a decarbonized economy. In 2020 the fund had over $1Billion in AUM,[1] making it one of the largest clean energy funds in the world.[2] [3][4]

Key Historical Developments:

  • Founding & Focus: Established in 2014 to invest in sustainable infrastructure, focusing on projects often considered too small or risky by traditional banks.[5]
  • Early Growth (2017-2020): Raised roughly  million in 2017, growing rapidly to manage thousands of assets including solar, biodigesters, and electric buses.
  • Major Funding: In 2021, the firm raised  billion from major institutional investors, including AustralianSuper and QIC. By January 2024, they raised an additional  billion.
  • Operational Expansion: As of 2026, Generate has raised over  billion, operating over 2,000 assets and partnering with more than 50 technology providers.
  • Partnerships & Projects: Partnered with McKinstry to form the Viridis Initiative for school facility modernization and teamed with BYD Co. on electric bus financing.

The firm is known for focusing on the "infrastructure revolution," aiming to make green infrastructure affordable and accessible.

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