Private Equity Firm to Invest $1B in Renewables

Hudson Capital Management LP is planning $1 billion for its first renewable energy investment fund, according to a report by Dow Jones.

The Teaneck, N.J.-based firm headed by former Goldman Sachs Group Inc. partner Neil Auerbach, has received $60 million in commitments from anchor investors including Macquarie Global Private Equity Securities Fund and Wolfson Group for its Hudson Clean Energy Partners LP fund, Dow Jones says.

The report states, “The fund will invest in renewable generation and clean energy operating companies in sectors including wind, solar and biomass.”