[1] In 2007, Auerbach was joined by two other Goldman colleagues to found Hudson Clean Energy Partners (“HCEP”), an independent private equity firm.
Auerbach served as Co-Managing Partner with John Cavalier, who joined Hudson in 2008 from Credit Suisse's Global Energy Group, where he was chairman.
HSG continued to raise infrastructure and private equity funds but also expanded into starting and building companies in the clean energy sector.
Sunlight quickly grew to become one of the largest solar financiers in the United States, arranging over $10 billion in loans to homeowners since inception.
[2] Despite this growth Sunlight reported a 16% decrease in revenue and a GAAP net loss of $511.9M (down from $241.0M in the prior year), primarily due to a $445.8M non-cash impairment of goodwill driven by an increase in interest rates.
HSG partnered with a European real estate development firm to acquire the company, and jointly led all aspects of the investment and redevelopment.
[6] In 2018, Auerbach and partner Jonathan Lee expanded HSG’s business into the Japanese renewable energy market with the establishment of Hudson Sustainable Japan.
In 2023, Hudson Sustainable Group joined Mauricio Claver-Carone and Jessica Bedoya in launching the Latin America Real Assets Opportunities (LARA) Fund.
[8] LARA is primarily focused on transitional energy and sustainable infrastructure investments across 12 attractive countries in LATAM and the Caribbean.
[14] Auerbach has continued to advocate for sustainability focused policies in the U.S., including most recently – in 2023 – with former US National Security Advisor, Robert O’Brien.
Here are 3 ways Republicans can win in 2024,” Auerbach and O’Brien called for a three-pronged policy agenda focusing on promoting advanced low-carbon energy, domestic mining and manufacturing, and clean U.S. fossil fuel extraction.