Crayhill Capital Management sets up renewables division in Nashville
Solar panels. Photo by: Innovative Solar Systems (www.innovativesolarsystemsllc.com).
New York-based alternative asset manager Crayhill Capital Management LP has created a new affiliate in Nashville, Tennessee, to invest in and develop a broad range of renewable energy assets.
The new entity, called Crayhill Renewables LLC, will supplement the asset manager's existing credit strategies by focusing initially on transactions involving solar and battery storage. It will target uncontracted early- to mid-stage assets.
Erick Bauman and Ben Snydacker will serve as managing directors of Crayhill Renewables, the firm announced last week. Before becoming part of Crayhill Renewables, both Bauman and Snydacker were senior members of Royal Dutch Shell's US solar platform, Silicon Ranch.
"Crayhill Renewables' focus on acquiring assets coupled with Crayhill's existing asset-based private credit approach allows us to provide a full suite of financing products and co-development services that we believe to be unique in the current market," Bauman commented.