Aquarian Acquires Majority Stake in PACE Equity
Summary
NEW YORK--(BUSINESS WIRE)--Aquarian Holdings, a diversified global holding company with a strategic portfolio of insurance and asset management solutions, today announced an investment into PACE Equity, the largest independent provider of funding for commercial property-assessed clean energy (C-PACE) projects offering private capital to fund components of a commercial building’s construction budget that have measurable water, energy, or renewable resource savings. “We are excited about working with a great partner in Aquarian who can help us expand our market reach and increase our velocity as we unlock new opportunities.” As traditional banks scale back lending in the commercial real estate sector and the demand for commercial green energy projects continues to grow, Aquarian’s investment will enable PACE Equity to meet this demand and scale the business. C-PACE projects not only offer the long-term stability Aquarian values but also highly attractive yields, making PACE Equity a compelling investment opportunity. For over a decade PACE Equity has funded Commercial Property Assessed Clean Energy projects in innovative ways, with better financing for better buildings. The firm invests across the capital structure and creates tailored financing solutions that enable great, high-quality companies to grow and evolve.