Three investors from Black Coral Capital have set out to raise a $400 million fund at a new firm, according to a filing with the SEC.
Robert Day, Nikhil Garg and Christian Zabbal are raising the money for Spring Lane Capital, according to the filing. Media reports suggest Black Coral is in the process of being wound down, and Zabbal, Day and Garg have left the firm, according to their LinkedIn profiles.
Spring Lane will invest in the energy, water, food and waste industries, according to Day’s LinkedIn profile.
Black Coral was a cleantech investor.
The filing can be found here.