MoFo News Item

MoFo Advises Generate Capital in $2 Billion Fundraise for Sustainable Infrastructure Investments and Climate Solutions

02 Aug 2021

Morrison & Foerster advised Generate Capital, Inc. (“Generate”), a leading sustainable infrastructure company, in connection with its recently announced $2 billion fundraise from some of the world’s leading institutional investors to accelerate deployment of sustainable infrastructure.

Existing investors AustralianSuper and QIC led the fundraising round with new investment from Harbert Management Corporation, Aware Super, and CBRE Caledon. The fundraise tapped many of the world’s largest long-term oriented pension funds and institutional investors from Australia, the United States, and Europe. The new capital will allow Generate to continue expanding its reach into new sectors and regions to meet rising demand for sustainable infrastructure.

Generate builds, owns, operates, and finances sustainable infrastructure that delivers affordable and reliable resource solutions for companies, governments, and communities. Founded in 2014, Generate has built a portfolio of nearly $2 billion in sustainable infrastructure assets across the energy, waste, water, and transport markets. The San Francisco-based company works with more than 40 technology and project development partners.

MoFo previously advised Generate in its $1 billion fundraise in February 2020.

The MoFo team advising Generate was led by San Francisco corporate partner Suz Mac Cormac and San Diego corporate of counsel Shai Kalansky and together with San Francisco corporate associates Benjamin T.R. Fox, Michael Santos, Olga Terets, and Molly Yoder. 

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