Led · Debt Financing · Jul 2026

Founded in 2014, inKind connects nearly five million guests with more than 7,700 restaurants across the U.S. The company provides restaurants with capital in exchange for food and beverage credits, which it sells to diners via its app while offering users up to 25% back in rewards. To date inKind has provided more than $600 million in funding to restaurants and has rewarded over four million users with more than $175 million in dining rewards. inKind positions its model as an alternative to expensive debt, dilutive equity, and discount-driven marketing for operators. Earlier this year the company raised $450 million to expand the platform to 10,000 additional restaurants and improve its in-app dining experience. The recent Liberty Mutual Investments financing is intended to further expand the restaurant network and support development of AI-native demand-generation tools.

Participated · Series E · Dec 2025

Fervo Energy develops next-generation geothermal power using innovations in horizontal drilling, fiber-optic sensing and advanced reservoir engineering to make geothermal scalable and competitive. Its flagship Cape Station project in Beaver County, Utah is slated to deliver first power to the grid in 2026, reach about 100 MW of operating capacity by early 2027 and has plans to scale to 500 MW. Cape Station is fully contracted through power purchase agreements with Southern California Edison, Shell Energy and community choice aggregators. The company secured long-term non-recourse project financing for the first phase of Cape Station to fund remaining construction costs and meet counterparty credit support requirements. Fervo positions its technology and commercial contracts as enabling Enhanced Geothermal Systems to be treated as a bankable, utility-scale infrastructure asset.

Participated · Equity · Apr 2025

Omnidian delivers comprehensive protection and performance plans for residential and commercial solar and energy storage systems, using proprietary machine learning, AI and advanced analytics to assure asset performance and improve customer experience. The company emphasizes O&M services, business intelligence and uptime improvements for distributed renewable energy resources. Omnidian reports revenue more than tripled from 2022 to 2024 and cites a trailing 12-month gross revenue retention rate that distinguishes it in the industry. Headquartered in Seattle with international operations in Australia, Omnidian has a global team of 375+ and recently acquired an industry-leading solar service provider in the APAC region. With new capital, the company plans to scale core operations, expand geographically (including deeper growth in Australia and entry into new markets), and explore new product ecosystems such as EV charging infrastructure and commercial energy storage. The firm positions its technology-driven platform and client-focused operations as central to accelerating clean energy investments and improving bankability of solar assets. Omnidian provides end-to-end solar asset management for commercial and residential installers, developers, and owners, using proprietary software to remotely detect performance issues and manage assets. The company operates a network of more than 200 solar system experts across 34 states and a field service network covering 93% of U.S. ZIP codes. Omnidian expanded its international presence to Australia in 2022. It says part of its mission is to improve the post-purchase experience and nurture solar assets throughout their life cycle. The company will use capital to further technical innovation and add transparency into portfolio performance, job site status, and active remediations, as well as reporting enhancements to support portfolio managers. Omnidian has been named a Top 100 Places To Work for five consecutive years, appears in the Global Cleantech 100, and has been recognized as one of the Most Innovative U.S. Energy Companies. Omnidian provides nationwide performance plans and guarantees for residential, commercial, and industrial solar systems through a proprietary machine-learning asset management platform that offers continuous monitoring, proactive service alerts, and field service. The company has launched a similar service for residential and commercial & industrial energy storage and says its software will monitor other IoT-sensored energy products in the future. Proceeds from the recent funding will enable expansion into new asset classes including energy storage, EV charging, and HVAC, and will support international expansion. Omnidian employs more than 100 professionals across 16 states and manages more than 1,700 megawatts for customers. The firm emphasizes lowering cost of ownership and reducing risk for customers while providing performance guarantees that help unlock institutional capital. Omnidian positions its platform as critical infrastructure to accelerate renewable adoption and improve grid resiliency. Omnidian offers continuous monitoring, proactive service alerts, field service and an end-to-end cash-back performance guarantee for residential and C&I solar systems. Its core product is a subscription-backed protection and performance-assurance platform sold directly to homeowners and through an Elite Dealer Program for solar installers. The Elite Dealer Program is offered at $300 for the first year and renewals are available for under $13 per month, enabling dealers to bundle cash-back performance guarantees for cash and loan customers. Omnidian supports multiple Fortune 1000 clients’ residential lease portfolios and is responsible for over 75,000 residential solar systems today. The company plans to use new capital to expand into new geographies including New York and California and to grow its reach to dealers representing over 75% of the U.S. solar market. Omnidian is supported by the DOE SunShot Program and positions its platform as transferable to other IoT consumer-device insurance and premium categories.

Participated · Debt Financing · Mar 2025

Crusoe Energy Systems develops and operates vertically integrated, energy-sourced data centers optimized for artificial-intelligence computing. Its flagship offering, Crusoe Cloud, provides high-performance GPU resources to customers such as Cursor, Decart, Fireworks, Odyssey and Together AI. The company combines rapid energy sourcing, proprietary data-center design, and a managed AI cloud platform to deliver lower-cost and lower-emission compute. To expand service breadth, Crusoe recently acquired Atero, a GPU management and memory-optimization firm, accelerating its managed AI services roadmap. Geographic expansion is underway: the firm is adding capacity in Norway and Iceland and has opened offices in Dublin, Sunnyvale, and Tel Aviv. Major build-outs include a 1.2-gigawatt data-center campus in Abilene, Texas, and a newly announced 1.8-gigawatt campus in Wyoming, with additional multi-gigawatt sites planned across the U.S. Following its latest financing, the company’s valuation is expected to exceed $10 billion, underscoring strong investor confidence in its growth trajectory.

Participated · Debt Financing · Feb 2025

Surf Internet is a fiber-optic internet provider focused on delivering high-speed connectivity to rural and underserved areas in Illinois, Indiana, and Michigan. Headquartered in Elkhart, Indiana, the company also maintains offices in multiple Midwestern cities and employs more than 350 people. Surf’s core product is a growing fiber-to-the-home network designed to offer reliable, high-bandwidth service. Management plans to accelerate the build-out of this network, improve service reliability, and enhance customer experience across additional underserved communities in the Midwest. The firm has demonstrated strong operating performance and consistent subscriber growth, which has enabled access to the capital markets through its inaugural asset-backed securitization. Proceeds from recent financing will bolster financial flexibility and fund continued network expansion, positioning Surf as a scaled, super-regional fiber platform.