TGC is a specialized renewable energy infrastructure investment firm based in Westport, Connecticut. Since 2011, TGC has deployed over $1.2 billion of total capital representing an ~520 MW portfolio across 14 U.S. states and France.

TGC has raised four private equity funds with over $1 billion of equity capital, including Fund IV which closed in May 2022 with over $660 million of equity from primary segments of the institutional market, including U.S. public and corporate pension plans, U.S. and UK insurance companies, endowments, foundations, global asset managers, wealth managers, fund-of funds, and family offices.

Apex Group has been selected to support Fund IV with the provision of fund administration and investor reporting solutions. Fund administration is the foundation of Apex’s single-source solution, delivering timely, accurate and independent services, underpinned by market leading technology platforms. According to a Total Economic Impact (TEI) report by Forrester Consulting, clients of Apex Group’s single-source solution achieve, on average, cost benefits of $5.39m, with a net present value of $2.75m over a three-year period.

This announcement further evidences Apex Group’s continued role as the global administrator of choice for environmentally-driven real assets funds, having been appointed to deliver services to renewable energy investors Octopus Investments Australia and Federation Asset Management’s Sustainable Australian Real Asset Trust.

Guy Moritz, Business Development, Private Equity & Real Estate at Apex Group comments: “In 2023, renewable energy infrastructure has continued to be a hotspot of fundraising and investment activity, with experienced managers with strong track records - such as TGC - attracting significant interest from investors. We are delighted to be working with TGC, a leading renewable energy infrastructure investor.”

Rami Naber, Chief Accounting Officer, TGC adds: “Apex Group came highly recommended for their exceptional client service and extensive experience of supporting specialized energy infrastructure funds. We have been impressed with the team’s technical knowledge, attention to detail and the efficient onboarding and launch process. We look forward to working with the support of Apex Group, which will enable us to focus on our strategy of investing in distributed power generation assets.”

Apex Group remains committed to drivingpositive change in the communities in which it operates, recently issuing its first Sustainability Report, a voluntary disclosure offering transparency on its initiatives in climate action.