Crown Capital Completes $43 million Upsizing of Crown Capital Power LP

About this update from Crown Capital Partners, Inc.

[{"type":"text","content":"\n\n\n\nCrown Capital Completes $43 million Upsizing of Crown Capital Power LP\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, March 4, 2019\n\n\n\nCALGARY, March 4, 2019 /CNW/ - Crown Capital Partners Inc. (\"Crown\" or the \"Corporation\") (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced that it has completed an upsizing of approximately $43 million for Crown Capital Power Limited Partnership (\"Crown Power Fund\" or \"the Fund\"), increasing the Fund's total capital to approximately $58 million. Crown has increased its commitment to the Fund by $10 million, bringing its total commitment to $25 million.  \nLaunched in June 2018, Crown Power Fund is a private fund that intends to provide investors with attractive, utility-like income through the direct ownership of Integrated Energy Platforms (\"IEPs\"). IEPs are on-site generation assets that provide electric and thermal energy under long-term contracts to mid- to large-scale energy consumers, such as industrial and commercial businesses, recreational facilities, and condominiums, offering these customers more energy efficient, more reliable and less expensive energy than comparable services from public utilities. The proceeds of this financing will be used to develop additional projects identified by the Fund's operator partners.\n\"This is a significant milestone for Crown Power Fund and reflects the advantages of seeding new funds with Crown's capital for future growth and scale with third-party funds,\" said Chris Johnson, President and CEO of Crown. \"Our operating partners are building deep pipelines of new projects that they can execute on with the expanded capital base.\" \nMr. Johnson added: \"We had strong participation from our existing institutional investors, two of which are anchors both in our power fund and special situations fund. We see a tremendous opportunity to generate highly attractive risk-adjusted returns for these investors by building a portfolio of long-term contracts that deliver attractive utility-like monthly recu...

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