Longbow Capital completes initial closing of the Longbow Energy Transition Fund II with $150 million

– Longbow Capital is a Calgary-based private equity investment manager with 27 years of experience and $1.5 billion in assets under management.

– Announced the initial closing of the Longbow Energy Transition Fund II with $150 million in capital commitments.

– Key investors include BDC Capital, TD, Caterpillar Inc. Ventures, and leading institutional and family office investors.

– The fund has a total target of $250 million.

– The fund has a North American mandate to invest in businesses benefiting from the energy transition, focusing on reducing carbon emissions through efficient, cost-effective solutions.

– The first investment made by the fund is in VoltaGrid, a low-carbon, modular power generation company serving energy, mining, utilities, and data center sectors.

– The fund strategy capitalizes on trends such as decarbonization, electrification, and data center development, focusing on companies innovating in clean energy solutions.

– Tyson Birchall, Managing Director, Longbow Capital, commented on the compelling investment opportunities driven by power demand, electrification, and data center growth.

– Paula Cruickshank, Senior Vice President, Fund Investments at BDC Capital, expressed confidence in Longbow’s team to address environmental challenges while fostering sustainable growth.

– Drew MacIntyre, Vice Chair, TD Securities, emphasized the importance of supporting energy innovation through the fund, aligned with TD’s corporate citizenship platform.

– Art Robinson, Managing Director, Longbow Capital, highlighted the transformative nature of the energy transition and the long-term investment opportunity it presents.