Carlyle Group (CG) said Monday it plans to invest and commit up to $1 billion strategic investment in North Bridge ESG, a real estate finance solutions provider.
North Bridge offers commercial property assessed clean energy, or C-PACE, funding to institutional borrowers in key markets globally.
The investment will support the origination of C-PACE loans by North Bridge. It can also be used for new development projects, renovations, acquisitions and recapitalization of opportunities, Carlyle said.
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