Company News

Industrial Development Funding (IDF) agrees to new Forward Flow Industrial Origination Relationship

Industrial Development Funding (IDF) is pleased to announce an investment flow origination relationship with Blackstone Credit & Insurance focused on rated financings in the industrial energy, digital infrastructure and heavy transportation sectors. IDF will originate and service new commitments across traditional loan structures and IDF’s proprietary industrial deferred payment program. #PrivateCredit #IndustrialFinance #EnergyTransition #DigitalInfrastructure #HeavyTransportation

Lambda Announces $500M GPU-Backed Facility to Expand Cloud for AI – March 2024

IDF is pleased to collaborate with Lambda Labs and Macquarie Group on a first-of-its-kind financing of up to $500MM for Nvidia GPUs, and wishes Lambda the best for its future growth. IDF also thanks NVIDIA and Supermicro for their support of this groundbreaking private credit facility. #CloudComputing #HPC #Artificialintelligence #Deeplearning #GPUCloud. Read more…

Private credit: Is this infrastructure’s new liquidity pocket? – September 2023

We appreciate Tom Nelthorpe (Proximo) for highlighting our achievements and how we can help assist with OEM’s growing financing challenges across the globe. #PrivateCredit #PrivateDebtFunding #SeniorDebt #MezzanineFinance #InfrastructureFinance Read more…

$250MM Construction Financing – April 2023

IDF is pleased to announce the close of a $250MM construction deferred payment financing in support of Mitsubishi Power Americas partnership with a major U.S. utility. IDF thanks Mitsubishi Power Americas, Mizuho Bank and MUFG Bank for their support on this groundbreaking private credit transaction to finance the new 1,200MW combined cycle power plant in Texas. #deferredfinancing #powergeneration #gasturbine. 

Congratulations Mitsubishi Power Americas – March 2023

Congratulations to our partner Mitsubishi Power Americas on achieving #1 position in the Global Gas Turbine Market in 2022!. #MPA #PowerLeader 

Congratulations ProEnergy and WattBridge – February 2023

Congratulations to our partners #ProEnergy and #WattBridge, on successful commissioning of the 288-MW Mark One Peaking-Power Facility in Brazoria County, Texas. #RenewableGrowth #Aeroderivative #Peakingpower

Closed Vehicle for Small Ticket Project Finance – February 2023

IDF closed first $80MM Small Ticket Finance Vehicle with MUFG Bank, alongside purchase of $24MM of Mitsubishi Power Americas (MPA) energy storage construction receivables. A big thank you to #MUFG (Thomas Giuntini) and #MPA (Chip Toth) for the efficient process and support.

Congratulations ProEnergy and WattBridge – July 2022

Congratulations to our partners #ProEnergy and #WattBridge, on successful commissioning of the 288-MW Braes Bayou Peaking-Power Facility in Fort Bend County, Texas. #Renewable Growth #Aeroderivative #Peaking-power

Gas and Energy Storage Project Completion – June 2022

IDF announces successful completion of $223MM gas and energy storage construction deferral financings closed alongside Mitsubishi Power Americas and MUFG Bank, including 7 power generation projects with a total capacity of ~5GW. #EnergyTransition, #MPA, #MUFG, #IDF

$219MM Construction Financing – October 2021

IDF closed a $219MM funding for a 288MW aeroderivative gas power plant.

$192MM Construction Financing – June 2021

IDF closed a $192MM funding for a 288MW aeroderivative gas power plant.

$150MM Construction Financing – March 2021

IDF closed a $150MM coal to gas repowering projects, increasing each unit’s capacity to 732 MW from 430 MW.

Multi-year Program Executed – March 2021

IDF has partnered with an Industrial on a multi-year exclusive deferral program which monetizes Industrial’s super senior construction invoices with an Initial high-quality portfolio of $100MM+ receivables.

$160MM Mezzanine Financing – November 2020

IDF closed a $160MM Mezzanine Credit Facility for an operator of quick-start gas-fired generation assets 

$150MM Construction Financing – November 2020

IDF closed a $150MM funding for a 288MW aero-derivative gas power plant.

$235MM Construction Financing – May 2020

IDF closed a $235MM funding for a 336MW aeroderivative gas power plant.

$28MM Construction Financing – March 2020

IDF closed an incremental $28MM construction stage funding for a 1.2GW combined cycle gas power plant.

$81MM Constructing Financing – April 2020

IDF closed an $81MM construction stage funding for a 514 MW combined-cycle gas baseload power plant.