Global investment firm Carlyle Group has entered into a $450 million forward flow agreement to purchase residential solar loans from Sungage Financial. Established in 2011, Sungage Financial specializes in solar financing and enables homeowners to access energy-efficient home improvements. The partnership aims to increase Sungage’s origination capacity and facilitate growth. CEO Michael Gilroy expressed optimism about making solar energy more affordable and accessible. Carlyle’s Credit Strategic Solutions team led this transaction, leveraging their asset-backed finance capabilities. As of March 2024, Carlyle manages $425 billion in assets.

Private Equity, Renewable Energy, Financial Services,United States