Northampton Capital Partners and APG Launch Cypress Infrastructure, Debuts with Preferred Investment in Terra-Gen Renewable Portfolio
Northampton Capital Partners LLC (“Northampton” or the “Firm”), an alternative asset management firm focused on infrastructure investments across North America, in partnership with pension investor APG Asset Management (on behalf of pension fund ABP) (“APG”) and other institutional investors, announced today an agreement to form Cypress Infrastructure and make a strategic preferred investment in a renewable energy portfolio owned by Terra-Gen, LLC (“Terra-Gen”), one of the largest independent, integrated renewable energy producers in the United States, jointly owned by Masdar and Igneo Infrastructure Partners.
The transaction marks the initial investment for Cypress Infrastructure, a Northampton managed investment vehicle focused on providing flexible, creative, long term capital solutions to high-quality U.S. renewable energy projects.
The portfolio includes two assets: Lockhart, a 128.7-MW four-hour battery energy storage system co-located within the Terra-Gen’s solar and battery resources in San Bernardino County, California, and Monte Cristo I Windpower, a 238.5-MW wind project in Hidalgo County, Texas.
