KKR and HASI Commit Additional $1 Billion to CarbonCount Holdings 1
Simpson Thacher is representing KKR in connection with its agreement with HA Sustainable Infrastructure Capital, Inc. ("HASI”), a leading investor in sustainable infrastructure assets, under which both parties have agreed to make an additional capital commitment of $500 million each for a combined total of $1 billion of new investment capacity into CarbonCount Holdings 1 LLC (“CCH1”). The co-investment vehicle was established by HASI and KKR to provide long-term capital solutions for sustainable infrastructure projects across the United States. The parties expect that CCH1’s newly expanded capital commitments combined with existing leverage targets will bring the total investment capacity to nearly $5 billion. The vehicle’s investment period has been extended to the earlier of the end of 2027 or when all commitments have been utilized.
The Simpson Thacher team includes Breen Haire, Katy Lukaszewski, Ana Sanchez and Jack Traylor (M&A); and Nancy Mehlman, Ruoxi Zhang and Sean Largey (Tax).