Sunlight Financial, a provider of financing for the residential solar market, announced the closing of a series of capital investments, providing access to $300 million of capital, including $80 million of growth capital from lead investor Tiger Infrastructure Partners, an independent private equity firm focused on providing growth equity for middle-market infrastructure assets and businesses in North America, and founding investor Hudson Clean Energy Partners, a leading global private equity firm specializing in renewable energy.

The remaining $220 million of capital will come from different financial institutions with substantial track records investing in the solar sector and will be used for investment in loans and other products directed towards residential solar finance, which includes a new senior secured credit facility up to $120 million, led by CIT Energy Finance and designed for longer-term loan products and the development of new loan origination programs with over $100 million of available capital from existing and new financial institutions designed for shorter-term loan products.

Emil W. Henry, Jr., managing partner of Tiger said, “Tiger’s decision to invest in Sunlight is the culmination of our search in the residential solar sector for the best in class platform and partners. No other investment opportunity matched the attributes presented by Sunlight, including: a sophisticated and talented management team with multiple strategic commercial relationships; an existing business with substantial momentum; and a like-minded and experienced partner in Hudson who has similar experience helping companies grow.”

Sunlight will direct this round of capital towards growing its business platform and increasing access to lower cost financing alternatives for residential rooftop solar assets.

“Sunlight represents a unique and independent solar financing platform with a very broad suite of loan products to best serve homeowners and channel partners in the marketplace”

“Sunlight represents a unique and independent solar financing platform with a very broad suite of loan products to best serve homeowners and channel partners in the marketplace,” said Neil Z. Auerbach, Hudson CEO and Sunlight founder. “We are pleased to welcome Tiger as our partner. From the outset of our conversations, Tiger proved to be thoughtful and collaborative, and brings the skills and expertise to add value to Sunlight. Tiger’s involvement will catalyze Sunlight’s next phase of success as a standalone and independently capitalized industry player.”