New York, NY (January 18th, 2017) – DealCloud, Inc. (“DealCloud”) announced that NY Green Bank, a state-sponsored, specialized financial entity working with the private sector to increase investments into New York’s clean energy markets, has adopted DealCloud as a principal platform for managing the firm’s investment process.
NY Green Bank, a division of the New York State Energy Research and Development Authority (NYSERDA), is a key component of New York State’s Reforming the Energy Vision strategy and serves as a cost-effective and complementary addition to New York State’s evolving portfolio of clean energy programs. NY Green Bank works with private sector clients and counterparties to address and alleviate specific gaps and barriers in current clean energy capital markets through a variety of approaches and transaction structures. Using demonstrated financing tools to promote self-sustaining markets, NY Green Bank and its counterparties enable private sector capital to expand the frontiers of current commercial clean energy lending opportunities, ultimately increasing the deployment of proven clean energy technologies in New York State.”DealCloud was implemented across NY Green Bank to support its mission of increasing private participation in the clean energy marketplace. Our team worked closely with NY Green Bank in customizing their dashboards, ensuring that all new opportunities, deals, and portfolio monitoring efforts were streamlined across different teams. We couldn’t be more excited to have our platform empowering an organization and team whose initiative will have a lasting effect on our home and one of our core global markets.” stated, Rick Kushel, DealCloud’s CEO.
About NY Green Bank
Since inception, NY Green Bank has committed over $300 million of its capital and continues to work closely with private sector capital providers, ESCOs, developers and others to develop capital solutions enabling the widespread deployment of clean energy across New York State. For more information on NY Green Bank, visit www.greenbank.ny.gov.
DealCloud is a pioneer in M&A Software. The Company was formed in 2010 by a team of former deal professionals with deep knowledge of the private capital markets. DealCloud has quickly emerged as a global leader in providing deal management, workflow, and technology solutions to all participants in the private capital markets, including private equity and growth capital firms, sell-side banks, publicly traded companies, and debt capital investors. We are well known for our client service and our team takes great pride in the delivery of our platform and the strength of our relationships with clients. At DealCloud, we understand the pace of deal execution and we are committed to working at the same cadence as our clients to deliver fast and accurate outcomes. Our team is fully committed to the success of our clients. For more information on DealCloud, visit www.dealcloud.com.