EXCELSIOR, Minn., May 18, 2015 /PRNewswire/ -- EverStream Capital Management LLC (EverStream), a natural resources focused investment firm, today announced a $100 million investment in TerraForm Global, LLC (TerraForm Global). EverStream committed to the investment as part of its ongoing relationship with SunEdison, Inc. (SunEdison) and given its long-term view on renewable energy. The combined investment was made through EverStream's Opportunity Fund II.
TerraForm Global is a dividend growth-oriented company, or 'yieldco', formed by SunEdison to own and operate contracted clean power generation assets in attractive, high-growth emerging markets.
PJ Lee, Managing Partner of EverStream, stated, "As proven by our participation in TerraForm Power and now our participation in TerraForm Global, we believe the expansion of these types of public financing vehicles into emerging growth markets are transformative for the renewable energy sector. EverStream's involvement in this investment is consistent with our opportunistic approach in a rapidly changing energy industry."
About EverStream Capital Management LLC
EverStream Capital Management is a global asset management Firm that invests in energy and power infrastructure with a primary focus on solar and wind. EverStream has acted as lead investor on all of its investments and has a proven track record of managing capital on behalf of institutional investors. The Firm's flagship fund is the Solar Infrastructure Fund and it also manages several opportunity funds and co-investment vehicles.
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SOURCE EverStream Capital Management LLC