SER Capital Partners Closes & Commits Fund to Battery Storage Assets Across New York City

SER Capital Partners, LLC ("SER"), a sustainable-investment focused private equity firm, has acquired Microgrid Networks, LLC ("Microgrid Networks"), a well-established advanced distributed power company, in June 2020 to install battery energy storage and solar in high demand, congested urban areas, such as New York City.

"We see Microgrid Networks' unique siting technology, skillset, and assets as increasingly essential for local reliability and resiliency. By installing, owning, and operating a portfolio of storage assets, we also help New York achieve its goals to integrate additional renewables, offset regionwide fossil-fueled pollutants, and provide economic benefits and jobs to the region," noted Rahul Advani, Managing Partner and founder of SER.

Sara Graziano, Partner of SER and Microgrid Networks board member, added: "We are grateful to partner with the talented team leading Microgrid Networks to invest in New York City. Pairing our deep experience optimizing battery and electricity storage with Microgrid Networks's local expertise creates a rare opportunity to economically and sustainably deliver reliable, resilient energy solutions while offering significant benefits in New York."

In closing on its first vehicle with institutional limited partners, SER has distinguished itself as a credible partner to management teams seeking certainty of execution and to limited partner investors seeking private equity investment opportunities tied to sustainability. SER intends to continue to directly originate and execute private equity investments within its targeted areas of focus.

Metric Point Capital acted as the exclusive placement agent for the fundraise.

MicroGrid Networks | www.mgilp.com

SER Capital Partners | www.sercapitalpartners.com