Spring Lane Capital collects $250m for sophomore offering

The target is $400 million.

  • The fund will invest in the sustainable infrastructure sectors including food and agriculture, energy, water, waste and transportation
  • Spring Lane Capital held a second close of $50 million in April 2022
  • The firm’s total assets under management now stand at $400 million

Boston and Montreal-based private equity firm Spring Lane Capital has held a third close for its second fund, raising $250 million in total. The target is $400 million.

The fund will invest in the sustainable infrastructure sectors including food and agriculture, energy, water, waste and transportation.

Spring Lane Capital held a second close of $50 million in April 2022 for the second fund. As a result of this fundraising, Spring Lane Capital’s total assets under management now stand at $400 million.

“Our firm’s growth and success are reflected in the significant hires we have been able to make over the last several months. Mark, Sean, Francesca and Noah are all experienced and passionate team members in their own right and being able to hire the best of the best proves that we are doing something unique and impactful at Spring Lane Capital,” said Rob Day, partner and co-founder of Spring Lane Capital, in a statement.

Spring Lane Capital’s inaugural private fund raised $157 million in commitments and completed fundraising in November 2019. The inaugural fund has committed a substantial majority of its capital only two years following its final close.