SER Capital Partners, a private investment firm focused on sustainability, has closed its debut fund, SER Capital Partner I LP, with $475 million in capital commitments, exceeding its initial target.

SER invests in businesses positioned to meet the demand for economic and sustainable assets, products and services in North America. The firm has already invested in four portfolio companies: Microgrid Networks, Perfect Power, Brightcore Energy, and a portfolio of Texas battery storage assets.

“We collectively built SER to meet the critical market need for an experienced and aligned private investment firm dedicated to sustainable, environmental and renewable sectors,” comments Rahul Advani, SER’s founder and managing partner. “We are committed to economically meeting the burgeoning customer demand for decarbonized, distributed, digitized, and electrified solutions.”

Metric Point Capital served as the placement agent. DLA Piper represented SER in connection with the fund formation.