Led · Debt Financing · May 2021

Sunwealth finances and structures community-based solar projects, seeking to change who has access to renewable energy by changing the way it is invested in. The firm supports commercial solar projects ranging from 5 kilowatts to 1 megawatt and partners with local solar developers and installers to design and construct rooftop and parking‑lot systems. Sunwealth uses community shared solar agreements to deliver long-term energy savings to building owners and to low- and moderate-income households. Since 2014 the company has invested over $50 million in 400+ community-based solar projects nationwide and has delivered targeted returns to investors for 25 quarters with no defaults. Sunwealth is deploying recent financing to support projects that will power over 300 homes annually and provide $3.8 million in lifetime energy savings. The firm aims to catalyze additional investment and build diversified portfolios that deliver social, environmental and financial returns. Sunwealth provides capital and structured financing for smaller-scale commercial solar projects, typically ranging from 5 to 750 kilowatts, that are underserved by institutional lenders. The firm connects community-based solar installations with investors to generate energy savings, reduce carbon emissions, and create local solar jobs. Sunwealth focuses on projects for small businesses, nonprofits and residential buildings in communities that lack traditional renewable energy financing. Recent financing announced supports rooftop installations that will produce over 2.5 megawatts of capacity and generate lifetime energy savings of more than $4 million for power purchasers. The company highlights projects such as a 59 kW rooftop system at the Bornstein and Pearl Food Production Center, expected to save close to $100,000 over its lifetime. Sunwealth intends to use capital to catalyze additional investment in its inclusive solar financing model and expand renewable energy access across underserved communities.

Led · Debt Financing · Mar 2021

Northern Arc Capital Limited is an NBFC that focuses on financing retail microloans, MSME loans and green projects to advance financial inclusion. The company plans to deploy new capital to scale lending to underserved individuals and businesses and support sustainable economic growth. It operates lending platforms such as nPOS and Nimbus to facilitate seamless loan processing and debt management. Northern Arc reported assets under management of INR 10,081 crore and is backed by prominent equity investors. The firm has previously received financing from development institutions, including an $80 million facility from the IFC. Management emphasizes a commitment to transforming the financial sector for underserved customers and supporting SME and microenterprise growth. Northern Arc is an NBFC and financial services firm that focuses on increasing the supply of credit through lending, placement and fund management supported by a technology platform. The company uses its platform to originate and place financing to end customers across targeted sectors and districts. As of September 30, 2023, Northern Arc had facilitated over Rs 1.5 lakh crore in credit across 682 districts in 28 states and seven union territories in India, and reports assets under management of Rs 10,081 crore. The firm is backed by equity investors including Sumitomo Mitsui Banking Corporation, LeapFrog, 360 ONE (formerly IIFL), Accion, Augusta Investments (Affirma Capital), Dvara Trust and Eight Roads. The new capital is intended to support expansion to reach end customers and improve credit access across its focused sectors. Northern Arc Capital submitted preliminary papers to SEBI for an initial public offering in February, proposing fresh equity worth Rs 500 crore and an offer for sale of up to 2.1 crore equity shares by investor shareholders. Northern Arc mobilizes capital to extend credit to underbanked and low-income borrowers across multiple sectors such as microfinance, small business enterprises, commercial vehicle financing, affordable housing and education. The firm’s current initiative focuses on sustainably growing its loan portfolio through longer-tenor financing to non-banking finance companies. Under the described transaction Northern Arc will place a particular emphasis on female borrowers, with an expectation that at least 50% of beneficiaries will be women. The proceeds are intended to expand access to finance for rural and low-income customers and for small and medium-size enterprises. The facility is structured to be leveraged multiple times over its term, increasing the number of end borrowers reached. The deal positions Northern Arc to scale lending within targeted sectors while demonstrating a replicable model for longer-tenor support to NBFCs. Northern Arc Capital is a Chennai-based non-banking finance company that provides debt financing and differentiated credit solutions to underbanked customers, micro-borrowers, MSMEs and women entrepreneurs. The company raised debt capital and works through both direct channels and partnerships, and emphasizes digital delivery to expand access. It plans to deploy recent funding to improve access to financing for roughly 21,000 micro-borrowers and MSMEs and to support retention of an estimated 34,000 jobs. Northern Arc positions itself as a debt financing platform focused on financial inclusion and has worked in the sector for more than a decade. Over the last three years it has attracted financing from a range of international development investors. MD & CEO Ashish Mehrotra framed the transaction as evidence of the firm’s ability to forge partnerships with global DFIs and to enable broader access to financial services via digital channels and partners. Northern Arc Capital is a financial-services platform that arranges debt finance to originator partners serving under-served borrowers. The company uses raised capital to provide financing solutions to MSMEs and small-scale agri-businesses. The firm frames this work as part of its ESG goal of creating sustainable impact through efficient and reliable debt finance. Management says the transaction will deepen Northern Arc's foray into retail lending through partnerships. Since 2009, Northern Arc's originator partners have impacted over 54 million lives across India. Since the onset of the COVID pandemic, the debt platform has raised funds from international investors including JICA, USDFC, ADB, and FMO.