Silicon Ranch Raises $775 Million In Equity Funding Led By Manulife Investment Management
Jan 06, 2022•over 3 years ago
Amount Raised
$775 Million
Description
Silicon Ranch Corporation, one of the largest independent power producers in the U.S., announced today that it has raised $775 million in new equity capital. Manulife Investment Management, on behalf of Manulife Infrastructure Fund II and John Hancock, led the round with a ~$400 million commitment, its first investment in the company. Manulife Investment Management is joined in the round by existing Silicon Ranch shareholders, including Shell, TD Greystone Infrastructure Fund (Global Master) L.P., and Mountain Group Partners. Subject to regulatory approvals, the transaction is expected to close in Q1 2022.
FundzWatch™ Score
84
Medium Activity
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