Sunrun installer placing up photo voltaic electrical panels on a residential rooftop in California.Supply: SunrunHedge fund Tiger World Administrat
Sunrun installer placing up photo voltaic electrical panels on a residential rooftop in California.
Supply: Sunrun
Hedge fund Tiger World Administration is making a giant guess on continued growth at San-Francisco-based Sunrun, which has grown into the nation’s largest residential photo voltaic firm.
The fund, headed by Julian Robertson protégé Chase Coleman, has been steadily growing its place in Sunrun since a minimum of the primary quarter of 2018. The agency now owns 29.7 million shares, or greater than 25% of Sunrun’s fairness, based on recent filings with the Securities and Exchange Commission.
Coleman was one of many so-called “tiger cubs” who began his investing profession at Tiger Administration below legendary investor Julian Robertson. Robertson closed the fund in 2000, after 20 years of heading it, at which level he gave Coleman $25 million to start out his personal fund, and Tiger World was born.
Since going public in August of 2015, Sunrun has been closely centered on progress. With operations in 22 states in addition to Washington DC and Puerto Rico, the corporate deploys a lease-focused enterprise mannequin that emphasizes constructive money circulate era over the long run.