Breakwall lands $125 million for maiden energy transition credit fund

Breakwall Capital was launched last year by three co-founders of Riverstone Credit Partners as an employee-owned asset manager. The New York-based firm raised $125 million for a first close on its maiden energy credit fund, anchored by institutional investors including the New Mexico Educational Retirement Board.

Breakwall’s investments span industrial and infrastructure decarbonization, waste upcycling, next generation fuels and other low-carbon sectors.

“Our vision is to build an employee-owned credit investment platform that is the lender of choice for borrowers innovating and driving the energy future,” said Breakwall’s Christopher Abbate, Jamie Brodsky, and Daniel Flannery

Flexible financing

The Breakwall Energy Credit Partners Fund aims to address a gap in traditional finance markets for growth-oriented middle-market and developing energy companies. The fund offers  senior secured direct credit backed by assets.

The fund had made two investments, drawing from a $250 million warehousing facility provided by an undisclosed asset manager. These investments include a $50 million green loan for solar panel manufacturer Silfab Solar last year and a sustainability-linked loan for propane supply and logistics company Alliance Energy Services.

Breakwall separately launched a mining fund in 2025 and an oil and gas credit fund in 2023, both in partnership with Vitol