We are committed to providing easy capital for improvements that make buildings more efficient, safer, and healthier.
Based in the San Francisco Bay Area, CleanFund is the leading provider of long-term financing for energy efficiency, water conservation, renewable energy and seismic improvements for commercial, multifamily and other nonresidential properties in the U.S.
After starting in 2009, the first privately funded PACE transaction was a $1.6 million bond to finance a 1 megawatt solar system through the Sonoma County Energy Independence Program.
First transaction with Prologis for retrofit and solar on their Headquarters at Pier 1 with Wells Fargo as the lender. We are passing PACE laws in multiple states to expand beyond CA.
First private securitizations of PACE assets involving the issuance of three bonds, with CleanFund structuring the transaction and acquiring the senior bonds backed by multiple assessments placed by the Connecticut Green Bank. Prudential's ESG group was capital provider.
CleanFund closes first institutional financing of $60MM from venture capital and asset management firm for equity growth capital and warehouse financing
CleanFund provides largest ever solar PACE financing to Pacific Ethanol for 5 megawatt solar energy system
CleanFund breaks its own record for largest PACE financing by securing $40 Million for nearly bankrupt Seton Medical Center, enabling critical seismic improvements for the hospital.
CleanFund closes follow-on Series B investment from Vulcan and Starwood.
First Ever 144A Securitization of commercial PACE Assets. CleanFund is first to enter the 144A Securitization Market by issuing AAA-rated notes backed exclusively by PACE
Lender consent creates friction in transactions and capital providers look for better returns. Kinney leaves to start C-Change and the team spreads out to help Ygrene, Petros, and others.
Difficult Covid Years
John Kinney returns to refocus CleanFund on developing and managing PACE programs for mortgage holders. First PACE bond issued in partnership with the lender.