08:53 AM EDT, 09/16/2024 (MT Newswires) -- Carlyle Group ( CG ) said Monday it plans to invest and commit up to $1 billion strategic investment in North Bridge ESG, a real estate finance solutions provider.

North Bridge offers commercial property assessed clean energy, or C-PACE, funding to institutional borrowers in key markets globally.

The investment will support the origination of C-PACE loans by North Bridge. It can also be used for new development projects, renovations, acquisitions and recapitalization of opportunities, Carlyle said.