Funding and M&A Roundup: Residential Solar Finance Company GoodLeap Raises $800 Million

Urban Grid Closes $275 Million Debt Refinance Provided By Crayhill Capital Management

October 18, 2021

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GoodLeap (formerly Loanpal) – a California-based solar loan origination platform that finances solar systems and batteries announced an investment round of more than $800 million, placing its valuation at $12 billion. The round was led by MSD Partners, with funds managed by BDT Capital Partners, Davidson Kempner Capital Management, and additional investors, including current shareholders. The secondary transaction brings a new set of investors who can help GoodLeap’s expansion from residential solar and battery storage into the broader market for sustainable home improvement and other carbon-reducing products and electric vehicles. BDT & Company served as placement agent in this transaction.

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