The Spirit of St. Louis Fund continues to be active in the Midwest, with Fund I creating 335 jobs and supporting 245% average revenue growth at portfolio companies since inception. Due to the success of Fund I (2018 SBIC), Fund II (2021) was created and quickly filled in the Fall of 2021 to carry on the success of Fund I, … Read More
As we hit the halfway point of the year, we want to share Twain’s progress to date and give a glimpse of what we anticipate in the second half. Six months in, 2022 is on course to be a record year at Twain. Year-to-date, we have deployed $435 million in capital – which nearly equals our total for all of … Read More
On June 1, 2022, Twain closed on $16.2MM in federal and state historic tax credit equity that will help transform the former Gimbels-Schuster’s Department Store in Milwaukee, Wisconsin. Twain also provided a $12 million HTC bridge loan. Upon completion of the renovation, the building will become the new home for the community facing division of the Medical College of Wisconsin … Read More
On May 16, 2022, Twain closed on $5.1MM in construction debt, $4.8MM in permanent debt, and $2MM in federal renewable investment tax credit equity, the entire $11.9MM capital stack for the Cawelo project in McFarland, CA. The project is a 3.4MW DC solar project that will sell power to the Cawelo Water District and save them approximately $500,000 to $1,000,000 … Read More
Twain Financial has been recognized as one of the top places to work by the St. Louis Post-Dispatch. Twain finished second out of 102 companies in the small company category. In addition, Twain finished first among all companies – regardless of size – in the communication category, which recognizes companies where employees feel well-informed about important decisions. “The same qualities … Read More
Twain Financial Partners and UGE International Ltd. announce they have closed a project debt and tax equity facility to finance six community solar projects in Maine. The six projects range in size from 1.0MW DC to 3.0MW DC and participate in Maine’s community solar program. The first project is located in the Town of Norway, Maine and reached Notice to … Read More
Twain Financial Partners has received national recognition for its role in a project aimed at breaking down the “Delmar Divide” in St. Louis. C-PACE Alliance, a national business association focused on clean energy and resiliency financing, has honored Twain as its “Public Benefits Deal of the Year – Small Transactions” winner for Twain’s financing of the Elevation Workspace project. Elevation … Read More
On June 1, 2022, Twain closed on $16.2MM in federal and state historic tax credit equity that will help transform the former Gimbels-Schuster’s Department Store in Milwaukee, Wisconsin. Twain also provided a $12 million HTC bridge loan. Upon completion of the renovation, the building will become the new home for the community facing division of the Medical College of Wisconsin … Read More
A nearly century-old hotel building in Alexandria’s premier Old Town neighborhood soon will be bustling with activity again. Hotel Heron, an approximately 90,000-square-foot urban adaptive-reuse development, is set to begin construction in June 2022 now that financing has closed on the $76.5 million project. Of that total, $59.2 million is being made available by Twain Financial Partners through a mixture … Read More
A $300 million renewable diesel refining facility cleared one of its remaining hurdles when it secured funding for the final phase of construction. Twain Financial Partners has closed on a $136 million ground purchase and leaseback arrangement for the Reno facility, marking the largest investment in Twain’s nine-year history. The latest phase of construction will include a feedstock pretreatment facility, … Read More
