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Laxman Pai, Opalesque Asia:

The Church Pension Fund (CPF), New York, which serves the Episcopal Church, made a $40 million investment in the New Energy Capital Infrastructure Credit Fund II.

New Energy Capital Partners (NEC) is the manager of the infrastructure fund, which "will invest across clean energy infrastructure assets in North America, including solar, wind, energy efficiency, storage, and water."

Roger Sayler, Executive Vice President and Chief Investment Officer of CPF, said, "NEC has an experienced investment team with a proven track record of delivering attractive risk-adjusted returns across multiple renewable sectors through successive economic cycles. This investment will support the development and operation of clean energy infrastructure assets throughout North America."

Scott Brown, Chief Executive Officer of NEC, said, "This Fund reflects the growing interest from investors in the clean energy market. Our investors are looking for investments that deliver strong risk-adjusted returns, while also providing a positive environmental impact. We are grateful for the support of The Church Pension Fund and we look forward to expanding our relationship in the future."

This transaction follows CPF's prior socially responsible investments, which include Avanath Capital Management, Bridges Fund Management, Cheyne Capital Management, Developing World Markets, Shorenstein, Social Investment Managers & Advisors (SIMA), and SilverStreet Capital.......................

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