Lightyear Capital has completed a $95 million investment in Ygrene Energy Fund, a provider of financing for clean energy projects to residential and commercial clients. The fresh capital comes hot on the heels of a $30 million mezzanine investment from New Energy Capital Partners in November. To date, Ygrene has been approved to provide property-assessed clean energy financing in more than 300 municipalities across California, Florida, Georgia and Missouri.
The rate of PE investment in the financial services space accelerated in recent years, jumping from 435 deals in 2012 to 597 last year, according to the PitchBook Platform, before a sharp decline this year. Some of the industry’s biggest names are driving activity, and the three busiest firms in the sector the past three years have combined to account for nearly 15% of all PE deals in the space.
Who are those top firms? Here’s the rundown since the start of 2014, including add-ons:
1. HarbourVest Partners (78)
2. ABRY Partners (74)
3. Hellman & Friedman (70)
4. GTCR (60)
5. Blackstone (43)
6. Stone Point Capital (42)
7. KKR (40)
PitchBook users can access the full list.
Artiicle by PitchBook
