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Ultra Capital company logo
Holding Company
FINANCE | Asset/Financial Management
ultracapital.com

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Investments

1

Funds

4

About Ultra Capital

Ultra Capital builds and manages portfolios of small to mid-size sustainable real asset projects in agriculture, energy, water and waste. The firm provides institutional investors with diversified portfolios of yield oriented real assets; and project developers with with capital and project finance expertise. Ultra Capital has assembled an experienced team of investment professionals with a broad range of expertise in project development, finance, engineering and capital markets that can deliver consistently underwritten and risk managed projects to investors.

Ultra Capital Headquarters Location

473 Jackson Street Fl 3

San Francisco, California, 94111,

United States

415-985-2200

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Ultra Capital Web Traffic

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Latest Ultra Capital News

Aspen Power Partners Launches with $120 Million in Funding, 200 MW of Community and Distributed Solar

Feb 24, 2022

February 24, 2022 09:05 AM Eastern Standard Time DALLAS--( BUSINESS WIRE )-- Aspen Power Partners (“Aspen”), a distributed generation platform with the dual mission of accelerating and democratizing decarbonization, today announced with its latest financing round it has raised $120 million of capital from providers including Ultra Capital, Redball Power, and a global Swiss asset manager, as well as family offices and high net worth individuals. Aspen was incubated at Energy Impact Partners , a leading global investor in the transition to a sustainable future. Aspen originates its own projects and partners with local developers on their portfolios to accelerate the deployment of solar and storage assets across the U.S. “We are proud of the expert team we have assembled over the past year, which was purpose-built to deliver developers and customers with the best possible outcome at any stage in the project lifecycle. We look forward to innovating with our key stakeholders as we develop and finance distributed generation solar, storage, and electric vehicle charging projects during this critical climate decade,” said Jorge E. Vargas, Managing Partner at Aspen Power Partners. Currently active in the community solar, multifamily, and commercial and industrial rooftop markets, Aspen is pioneering new frontiers with its partners—expanding access to clean distributed energy for consumers and businesses across all income levels and hard-to-reach property types. The firm has entered into agreements to develop or acquire 48 community and distributed solar projects totaling over 200 megawatts (MW) across California, Maine, Maryland, New York and Pennsylvania. “We have had a front-row seat to the formation and growth of the world-class team at Aspen Power Partners over the past couple of years and are excited to see them tackle one of the fastest growing segments of the energy transition market” said Sameer Reddy, Managing Partner at Energy Impact Partners. At the end of 2021, the Biden administration set an ambitious target of powering 5 million American homes with community solar projects by 2025. This growth requires nearly a 700% increase in current capacity. On a state level, Governor Kathy Hochul of New York announced a framework for the state to achieve at least 10 gigawatts of distributed solar by 2030. Aspen will help achieve these and other federal and state targets by embracing sound environmental, social, and governance (ESG) practices and providing consumers of all income levels with access to clean energy. “We are thrilled to partner with the Aspen team as they execute on their mission and vision. Our focus is to sponsor platforms like Aspen with flexible equity capital and serve as a financing partner to support their platform’s growth and expansion. We look forward to collaborating with Aspen further as they execute on their gigawatt pipeline and serve a vital role in the energy transition,” said Kristian Hanelt, Managing Director at Ultra Capital. Aspen was founded by David Berv, Scott Delaney, Dan Gulick, Jackson Lehr and Jorge Vargas with expertise across the development, construction, project finance and asset management disciplines. Collectively, the team has financed over $1 billion worth of renewable energy projects and has decades of experience across all stages of project development and ownership. For more information about Aspen Power Partners, please visit aspenpower.com. ABOUT ASPEN POWER PARTNERS Aspen Power Partners (Aspen) is a distributed generation platform with the dual mission of accelerating and democratizing decarbonization. The firm develops and finances community, multifamily, and other distributed solar and storage installations enabling consumers of all income levels to access clean renewable energy. The Aspen team is made up of seasoned professionals across the development, construction, project finance and asset management industry. Aspen is headquartered in Dallas, TX with locations throughout the U.S. For more information, please visit aspenpower.com. Contacts

Ultra Capital Investments

1 Investments

Ultra Capital has made 1 investments. Their latest investment was in Aspen Power Partners as part of their Series A on February 2, 2022.

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Ultra Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/24/2022

Series A

Aspen Power Partners

$120M

Yes

3

Date

2/24/2022

Round

Series A

Company

Aspen Power Partners

Amount

$120M

New?

Yes

Co-Investors

Sources

3

Ultra Capital Acquisitions

1 Acquisition

Ultra Capital acquired 1 company. Their latest acquisition was EverVest on July 15, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/15/2016

Seed / Angel

$99M

$0.63M

Acquired

1

Date

7/15/2016

Investment Stage

Seed / Angel

Companies

Valuation

$99M

Total Funding

$0.63M

Note

Acquired

Sources

1

Ultra Capital Fund History

4 Fund Histories

Ultra Capital has 4 funds, including Ultra Capital RAV I Follow-On Feeder Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/17/2020

Ultra Capital RAV I Follow-On Feeder Fund

$4.58M

1

4/8/2020

Ultra Capital RAV I Follow-On Fund

$99M

10

8/15/2019

Ultra Capital Sustainable Infrastructure Fund II

$99M

10

10/26/2018

Ulta Energy-Agri Fund

10

Closing Date

4/17/2020

4/8/2020

8/15/2019

10/26/2018

Fund

Ultra Capital RAV I Follow-On Feeder Fund

Ultra Capital RAV I Follow-On Fund

Ultra Capital Sustainable Infrastructure Fund II

Ulta Energy-Agri Fund

Fund Type

Status

Amount

$4.58M

$99M

$99M

Sources

1

10

10

10

Ultra Capital Team

3 Team Members

Ultra Capital has 3 team members, including current Founder, Roland Van der Meer.

Name

Work History

Title

Status

Roland Van der Meer

Resonant Technologies Group, Equilibrium Capital Partners, and ComVentures

Founder

Current

Erik W. Jansen

Rockridge Investments, Pequot Capital Mangement, and Digital Media Capital

Founder

Current

Andrew D Klein

Founder

Current

Name

Roland Van der Meer

Erik W. Jansen

Andrew D Klein

Work History

Resonant Technologies Group, Equilibrium Capital Partners, and ComVentures

Rockridge Investments, Pequot Capital Mangement, and Digital Media Capital

Title

Founder

Founder

Founder

Status

Current

Current

Current

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