Cycle7 specializes in developing, sourcing capital, structuring and negotiating complex transactions in a nascent and rapidly shifting field where lenders, equity capital and intermediary institutions must development investment standards as they go along. In this uncertain environment, the Cycle-7 team has participated in a series of transactions across a wide variety of asset classes, each of which includes one feature or another that represents an innovation in the field (see Projects page).
Policy work is a critical complement to Cycle7's transactional work, one reinforcing and enhancing the other. Cycle7 partners are regularly asked to speak at conferences and to provide formal or informal advisory services to state and local governments, energy policy and advocacy organizations. Key areas of policy interest include formalization of standards for underwriting efficiency projects, challenges to traditional project finance from smaller transaction sizes associated with distributed generation, the split incentive inherent in commercial leasing, and barriers to financing retrofits inherent in permanent financing structures for commercial real estate and affordable housing. Clients include the Natural Resources Defense Council, the Environmental Defense Fund, the Rocky Mountain Institute, the Building Owners and Managers Association and others. Two of its policy efforts have gained national and/or international importance. Cycle7 co-founded the Investor Confidence Project with the Environmental Defense Fund, an effort to formalize the standards and processes for engineering energy efficiency projects for third party investment. And with the Natural Resources Defense Council it led the Green Lease Forum, which spawned efforts at New York City and elsewhere to address the split incentive in commercial real estate.
Cycle7 designs, administers and advises public and private programs for efficiency and clean generation. Its Partners have led multi-million dollar programs to incentivize energy efficiency investment in affordable housing and commercial real estate. Partner Brian Hunt serves as strategic advisor to Mars Inc, one of the nation's largest industrials, where he is a member of a three person team that oversees global renewable energy activities in support of the company's goal net zero emissions by 2040.
Cycle7 played an advisory role in the founding of the first two major private equity-backed funds investing solely in energy efficiency and has advised or been a principal in other private equity, corporate, and quasi-governmental funds investing in energy efficiency, clean energy and water infrastructure, and agriculture.