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Richter and Enhanced Capital Group Launch Energy Joint Venture

August 10, 2015, 07:46 AM
Filed Under: Energy
Related: Energy, llc

Mike Richter and Enhanced Capital Group, LLC announced the formation of Advanced Generation & Efficiency, LLC ("AG&E"), a joint venture to finance, construct, own and operate distributed generation and energy efficiency projects across the United States.

AG&E combines the extensive distributed generation experience of Mr. Richter and his team with the tax equity, asset management, and financial structuring expertise of Enhanced Capital. Together, they expect to offer clients a variety of cost-effective financing options for reducing the utility-supplied energy demand of their facilities. AG&E focuses on middle market commercial and municipal customers, including real estate holding and management companies, sporting arenas, schools and universities, hospitals, and retail locations.

Mr. Richter, Chief Executive Officer of AG&E, said: "Our approach enables clients to confront operational costs and environmental impact simultaneously by making it easier and more affordable to implement holistic energy solutions for their facilities." 

"Enhanced Capital is excited to partner with Mike Richter and his team to offer a financing solution for commercial and municipal clients looking to benefit from the installation of renewable energy and energy efficiency assets," said President and CEO of Enhanced Capital, Michael Korengold. "By leveraging our considerable asset management and tax credit finance expertise, we believe AG&E will be able offer a unique solution to a historically underserved segment of the marketplace."

Enhanced Capital is a New-York based diversified private investment firm focused on established small and mid-sized companies overlooked by traditional sources of capital due to location or size. Founded in 1999, Enhanced Capital's funds finance businesses across its targeted investment, asset management, and tax credit finance platforms.

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