P10 Announces HPS Investment Partners and Enhanced Capital Launch Innovative Partnership to Invest in Energy Transition Projects
P10 announced a strategic partnership between HPS Investment Partners and Enhanced Capital to provide structured capital solutions for renewable energy and battery storage projects across the United States. The partnership leverages provisions from the Inflation Reduction Act that allow for direct transfer of Investment Tax Credits and Production Tax Credits, simplifying the monetization process without complex tax equity structures. The collaboration combines HPS's renewable energy investment expertise with Enhanced Capital's tax credit structuring capabilities to support economy-wide decarbonization goals.
P10 ha annunciato una partnership strategica tra HPS Investment Partners e Enhanced Capital per fornire soluzioni di capitale strutturato per progetti di energia rinnovabile e storage di batterie negli Stati Uniti. La partnership sfrutta le disposizioni dell'Inflation Reduction Act che consentono il trasferimento diretto dei Crediti d'Imposta per gli Investimenti e dei Crediti d'Imposta per la Produzione, semplificando il processo di monetizzazione senza complesse strutture di equità fiscale. La collaborazione unisce l'expertise di HPS negli investimenti in energia rinnovabile con le capacità di strutturazione dei crediti d'imposta di Enhanced Capital per sostenere gli obiettivi di decarbonizzazione a livello economico.
P10 anunció una asociación estratégica entre HPS Investment Partners y Enhanced Capital para proporcionar soluciones de capital estructurado para proyectos de energía renovable y almacenamiento de baterías en Estados Unidos. La asociación aprovecha las disposiciones de la Inflation Reduction Act que permiten la transferencia directa de Créditos Fiscales por Inversiones y Créditos Fiscales por Producción, simplificando el proceso de monetización sin estructuras complejas de equidad fiscal. La colaboración combina la experiencia de HPS en inversiones en energía renovable con las capacidades de estructuración de créditos fiscales de Enhanced Capital para apoyar los objetivos de descarbonización a nivel económico.
P10은 HPS Investment Partners와 Enhanced Capital 간의 전략적 파트너십을 발표하여 미국 전역의 재생 가능 에너지 및 배터리 저장 프로젝트를 위한 구조화된 자본 솔루션을 제공합니다. 이 파트너십은 투자의 세금 공제를 직접 이전할 수 있는 Inflation Reduction Act의 조항을 활용하여 복잡한 세금 형식 없이 자산 변환 과정을 단순화합니다. HPS의 재생 가능 에너지 투자 전문성과 Enhanced Capital의 세금 공제 구조화 능력을 결합하여 경제 전반의 탈탄소화 목표를 지원합니다.
P10 a annoncé un partenariat stratégique entre HPS Investment Partners et Enhanced Capital pour fournir des solutions de capital structuré pour des projets d'énergie renouvelable et de stockage de batteries aux États-Unis. Ce partenariat tire parti des dispositions de la Inflation Reduction Act qui autorisent le transfert direct de Crédits d'Impôt sur les Investissements et de Crédits d'Impôt sur la Production, simplifiant le processus de monétisation sans structures fiscales complexes. La collaboration associe l'expertise d'HPS en matière d'investissement dans les énergies renouvelables aux capacités de structuration de crédits d'impôt d'Enhanced Capital pour soutenir les objectifs de décarbonisation à l'échelle de l'économie.
P10 gab eine strategische Partnerschaft zwischen HPS Investment Partners und Enhanced Capital bekannt, um strukturierte Kapitallösungen für Projekte im Bereich erneuerbare Energien und Batteriespeicherung in den Vereinigten Staaten bereitzustellen. Die Partnerschaft nutzt die Bestimmungen des Inflation Reduction Act, die eine direkte Übertragung von Investitionssteuergutschriften und Produktionssteuergutschriften ermöglichen, wodurch der Monetarisierungsprozess ohne komplexe Steuerstrukturen vereinfacht wird. Die Zusammenarbeit kombiniert die Expertise von HPS im Bereich Investitionen in erneuerbare Energien mit den Fähigkeiten von Enhanced Capital zur Strukturierung von Steuergutschriften, um die Ziele der Dekarbonisierung der Wirtschaft zu unterstützen.
- Strategic partnership established to provide structured capital solutions for renewable energy projects
- Leverages IRA tax credit provisions for simplified monetization process
- Combines complementary expertise in renewable energy investment and tax credit structuring
- None.
DALLAS, Nov. 25, 2024 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX), a leading private markets solutions provider, announced the launch of a new partnership between funds managed by HPS Investment Partners and Enhanced Capital, a P10 affiliated manager, that will provide structured capital solutions for renewable energy and battery energy storage projects throughout the United States. The investments made by the partnership will be designed to provide capital to energy transition projects while simplifying the monetization of renewable energy tax credits without the need for complex tax equity structures.
The Inflation Reduction Act (IRA) passed in 2022 contained several provisions aimed at improving access to capital and reducing barriers to the deployment of renewable energy and energy storage assets to support economy-wide decarbonization goals. As part of the legislation, Investment Tax Credits and Production Tax Credits became eligible for a one-time transfer to third parties, creating a new avenue to monetize tax credits outside of tax equity financings. The new platform combines HPS Investment Partners’ track record of investing in renewable energy and infrastructure businesses and assets with Enhanced Capital’s expertise in tax credit structuring and monetization.
“We are pleased to partner with Enhanced Capital to offer comprehensive capital solutions for developers who are actively enabling the energy transition across the country,” said Michael Dorenfeld, Managing Director at HPS Investment Partners. “With this commitment, we are bringing together HPS credit investment expertise with Enhanced Capital’s capabilities accessing and funding tax credits across industries.”
“Enhanced Capital has been financing projects with immediate and lasting impacts on communities and the environment for over two decades,” said Luke Sarsfield, Chairman and Chief Executive Officer at P10. “At P10, we are thrilled to see this collaboration with HPS Investment Partners expand renewable energy and battery storage financing for developers across the country.”
About HPS Partners
HPS Investment Partners, LLC is a leading global, credit-focused alternative investment firm that seeks to provide creative capital solutions in order to generate attractive risk-adjusted returns for its clients. HPS manages various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred equity and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of HPS’s platform offers the flexibility to invest in companies large and small, through standard or customized solutions. HPS has approximately
About Enhanced Capital
Enhanced Capital Group, LLC is a leading impact investment firm with over 24 years of experience investing in Climate Finance, Impact Real Estate, and Small Business Lending.
From inception in 1999 through June 30th, 2024, inclusive of proprietary assets and assets managed by affiliates, Enhanced Capital has raised a total of
Enhanced Capital is committed to investing in four main impact themes: Underserved Communities; Underrepresented Populations; Environmental Sustainability; and Community Development Programs. Enhanced Capital is a subsidiary of P10, Inc. (NYSE: PX), a diversified, multi-asset investment platform. For more information, please visit www.enhancedcapital.com.
Enhanced Capital Disclaimer
Enhanced Capital Group, LLC, and its affiliates, is an Equal Opportunity Provider. The information presented is for discussion purposes only and is neither an offer to sell nor a solicitation of any offer to buy any securities, investment product, or investment advisory services. This is not an offering or the solicitation of an offer to purchase an interest in a fund.
About P10
P10 is a leading multi-asset class private markets solutions provider in the alternative asset management industry. P10’s mission is to provide its investors differentiated access to a broad set of investment solutions that address their diverse investment needs within private markets. As of September 30, 2024, P10’s products have a global investor base of more than 3,800 investors across 50 states, 60 countries, and six continents, which includes some of the world’s largest pension funds, endowments, foundations, corporate pensions, and financial institutions. Visit www.p10alts.com.
P10 Investor Contact:
info@p10alts.com
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Taylor Donahue
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FAQ
What is the purpose of P10's new partnership between HPS Investment Partners and Enhanced Capital?
How does the Inflation Reduction Act benefit P10's new renewable energy partnership?
What expertise do HPS Investment Partners and Enhanced Capital bring to the P10 partnership?
