TerraForm

TerraForm concentrates on core and core-plus infrastructure, targeting transportation, energy transition, and digital infrastructure assets. The firm acquires brownfield, revenue-generating real assets with long-term contracts or regulated returns. It avoids greenfield development and merchant-risk projects.

The firm favors bilateral, off-market negotiations over competitive auction processes. It targets mid-market infrastructure assets that fall below the minimum check size of the largest global infrastructure funds, aiming to secure better entry valuations and stronger governance rights.

TerraForm operates as an asset manager, not a single-family office. It raises capital from institutional limited partners — including pension funds and insurance companies — rather than deploying a proprietary balance sheet.

Specific principals are not publicly disclosed. The firm operates a centralized investment committee model, standard for New York-based asset managers of its profile, where senior partners hold decision-making authority over acquisitions and divestitures.

The firm's investment mandate is confined to North America, targeting assets in the United States and Canada where regulatory and legal frameworks are well-established and long-duration contracting is standard market practice.

TerraForm accepts co-investment capital from its institutional limited partners on a deal-by-deal basis, allowing investors to increase exposure to specific assets without paying incremental management fees. The firm does not operate a formal co-investment club.