SAN FRANCISCO, CA--(Marketwired - Oct 21, 2013) - Radian Generation, LLC, (RadianGen) a provider of asset management services to solar energy project owners and investors, announced today that QuietStream Financial has completed a major strategic investment in the company. The investment provides RadianGen with the capital to significantly expand its solar asset management services business to more owners and investors. QuietStream Financial was created from an investment by Commercial Defeasance and growth equity investor Summit Partners.
"RadianGen's services help meet the growing demand of project owners, investors and lenders for dedicated solar asset management expertise," said Robert Finlay, CEO of QuietStream Financial. "RadianGen is comprised of a team of seasoned solar industry executives with deep experience in solar project development, acquisition, finance, operation and management. They use this expertise to help their customers develop innovative and efficient outsourced solutions for solar project management and compliance."
"We are very excited to have the backing of the experienced investors at QuietStream Financial. QuietStream's track record of supporting growth companies and fostering successful asset management service teams will help us grow quickly and efficiently," explained Chad Sachs, CEO of Radian.
Christopher Dean, a Managing Director of Summit Partners, added, "Significant capital is being invested in solar projects across the country. Solar is maturing as an asset class, and as with other mature asset classes, there is a need for dedicated, independent asset managers who can provide knowledgeable, efficient solutions. The RadianGen team is well positioned to fill this role."
With the closing of this strategic investment, RadianGen has joined an established group of like-minded operating companies that are the clear leaders in their respective fields of expertise. In addition to capital, QuietStream Financial supports exceptional management teams like RadianGen's through knowledgeable and experienced counsel.
About Radian Generation
Radian Generation, a leading independent solar asset management firm, provides comprehensive technical and financial asset management solutions and advisory services to solar project owners, investors, lenders and developers. To learn more about RadianGen, please visit our website at: www.radiangen.com
About QuietStream Financial
QuietStream Financial, created from an investment by Commercial Defeasance and Summit Partners, provides acute detail and expertise in alternative asset management services and structured finance products for real estate borrowers, financial institutions and investors. Our goal is to build a portfolio of companies comprised of industry leaders who work seamlessly together to deliver excellence in the commercial real estate, renewable energy, and finance spaces.
To learn more about QuietStream Financial, please visit our website: http://quietstreamfinancial.com/
Contact Information:
Media Contacts:
Joanne Hogue
Smart Connections PR
p: 410-658-8246