Captona LLC, a North America-focused energy investment firm, announced on October 13, 2026, the closing of its latest preferred equity investment in partnership with Nexamp, Inc., which the companies describe as America's largest fully integrated distributed generation and community solar company.

Deal Details

The investment supports the financing of 55 MW of solar generation and 5 MWh of battery storage capacity across 10 projects in four states: Illinois, Maine, Massachusetts, and New York.

According to the announcement, the transaction marks the next phase in Captona's continued innovation of its preferred equity solution and highlights the firm's ability to deploy capital with flexibility and scale.

Background on Captona's Preferred Equity Program

Captona has been a market leader in this financing approach since rolling out its preferred equity structure in 2023. The firm characterized the partnership with Nexamp as a step forward in its preferred equity program and as evidence of the trust it has built with industry leaders.

"As power demand continues to accelerate, we're further scaling our investments to support our partners and the development of critical energy infrastructure," said Izzet Bensusan, CEO and Founder of Captona.

Bensusan added that the firm is proud to invest in projects delivered by a company it describes as best-in-class, demonstrating Captona's ability to meet the evolving needs of its partners.

Nexamp's Perspective

Anjali Patel, Vice President of Capital Markets & Strategy at Nexamp, said that meeting rising energy demand requires bringing new generation online quickly and that this takes strong, flexible partnerships across the industry.

She noted that the investment from Captona will help advance a diverse portfolio of solar and storage projects capable of delivering meaningful benefits to individuals and communities, ranging from greater access to local clean energy to stronger, more resilient power systems.

Advisors to the Transaction

Kirkland & Ellis LLP served as legal advisor to Captona, while Orrick, Herrington & Sutcliffe LLP served as legal advisors to Nexamp in connection with the transaction.

About the Companies

Captona is an energy transition investment firm focused on North America. With close to USD 3.5 billion in enterprise value, the firm owns and operates more than 50 energy generation projects, with a focus on storage, solar, microgrids, fuel cell, and RNG technologies.

Captona cites its diverse portfolio of energy transition assets and its track record of delivering innovative financing structures as making it a partner of choice for both investors and developers.

Nexamp describes itself as transforming the new energy economy with solar and storage solutions, offering individuals, communities, and businesses the opportunity to take part in the benefits.

The company's end-to-end capabilities include project development and acquisition, design, construction, and asset management, which it says position it to accelerate the transition to a cleaner domestic grid.

Nexamp currently has almost 1.5 GW of renewable energy-generating assets in operation, with several more gigawatts under construction or in development. According to the company, by building integrated clean energy infrastructure, it aims to ensure that both savings and job opportunities reach everyday Americans.

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