Asset Manager

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US Renewables Group

Lee Bailey and Jim McDermott founded US Renewables Group in 2004 as one of the first dedicated renewable-energy private-equity firms.

US Renewables Group

US Renewables Group is a private equity firm founded in 2003. It focuses on investing in renewable power, biofuels, and clean technology infrastructure. USRG has mobilized over $750 million in capital commitments for renewable energy projects and has made 24 investments across three funds.

General information

Firm type

Generalist

Year founded

2004

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Santa Monica

Corporate office

Santa Monica, CA, United States

Principals

Lee M. Bailey

Co-Founder & Managing Director

Jim McDermott

Co-Founder & Managing Director

Sector focus

Energy Transition & RenewablesInfrastructureClimateTech

Frequently asked questions

Who runs investment decisions at US Renewables Group?

Lee M. Bailey and Jim McDermott, the co-founders, serve as Managing Directors and lead the firm's investment activities. Both have been involved in energy infrastructure investing since the firm's 2004 founding. The specific composition of an investment committee has not been publicly disclosed, but the co-founders are the named decision-makers on all publicly available records.

What types of assets does US Renewables Group invest in?

The firm concentrates on renewable energy and related infrastructure across multiple asset classes including utility-scale solar, wind, biofuels, and energy storage. US Renewables Group deploys capital through control buyouts, growth-equity investments, and structured project finance, targeting mid-market energy-transition assets primarily in North America (per public record).

Is US Renewables Group a single-family office or a fund manager?

US Renewables Group operates as a dedicated private-equity fund manager, not a family office. It was founded in 2004 to raise and deploy institutional capital specifically into renewable-energy infrastructure, and it manages pooled third-party capital rather than the wealth of a single individual or family.

Does US Renewables Group invest outside North America?

The firm's publicly known investments are concentrated in North America, with confirmed portfolio exposure to projects in California, Texas, and the Midwest wind corridor. No publicly documented non-US investments exist, and the firm's operational footprint appears exclusively North American.

Where does US Renewables Group's capital come from?

The firm raises capital from institutional limited partners, operating as a traditional private-equity fund structure rather than a balance-sheet investor or single-family vehicle. Specific LP identities are not publicly disclosed, consistent with typical mid-market private-equity fund confidentiality practices.

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