Encourage Capital to assist Indian rooftop solar installers through a $40-million equity fund

Encourage Capital has announced the first closing of a new private equity fund, Encourage Solar Finance L.P., at $40 million. Encourage Capital is an impact investment asset manager and advisory firm, and the equity fund Encourage Solar Finance caters to the micro, small and medium enterprises (MSME) sector in India. The fund has Goodwin Procter LLP as the lead fund counsel. Specialised financial institutes in India will receive investments from the new fund to develop and scale commercial rooftop solar finance solutions for MSMEs.