Breakwall Capital Raises $125m at First Close for Energy Credit Fund
October 28, 2025
Source: Alternative Credit Investor
Breakwall Capital has raised $125m (£93.7m) at first close for its energy credit fund, with backing from investors including the US pension fund New Mexico Educational Retirement Board.
The Breakwall Energy Credit Partners Fund (BEC I) is a private credit vehicle focused on direct lending investments across energy infrastructure, infrastructure services and energy transition subsectors.
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“Our vision is to build an employee-owned credit investment platform that is the lender of choice for borrowers innovating and driving the energy future,” said managing partners Christopher Abbate, Jamie Brodsky and Daniel Flannery. “This close marks a significant step towards achieving that vision.”
The fund’s portfolio already includes two investments: a green loan to Silfab Solar, completed in November 2024, and a first-lien sustainability-linked loan to Alliance Energy Services, finalised in April 2025.
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The deals were initially funded through a $250m warehouse facility provided by an asset management and advisory firm, Breakwall said. A portion of each deal will be purchased by BEC I shortly after closing, subject to fund concentration limits.
