NYGB Eligible Purchaser Pool (

Description of Goods and Services:

Revision: August 12, 2022:

The criteria to be a Qualified Proposer have changed: In addition to being an Accredited Investor, a QIB, or an entity regulated by the various government agencies we list on the RFP, proposers can now qualify if they have the capital and operating experience necessary to participate in our bidding process.

The revised Qualified Proposer criteria are:

At a minimum, proposers must:

• either:

• be an institutional Accredited Investor per the definition provided by the Securities and Exchange Commission at the following website (https://www.sec.gov/education/capitalraising/building-blocks/accredited-investor) with a net worth of at least $250,000,000; or

• meet the SEC’s definition of a Qualified Institutional Buyer in NYGB’s sole discretion; or

• be regulated under Federal or state law by the Securities and Exchange Commission (SEC), Office of the Comptroller of the Currency (OCC), New York State Department of Financial Services, or similar agency satisfactory to NYGB in its sole discretion; or

• the NYGB, in its sole discretion, is satisfied that the proposer has adequate capital and operating experience to participate as an Eligible Purchaser (each of (i), (ii), (iii), and (iv), as determined by NYGB in its sole discretion, a “Qualified Proposer”); and

• have an operating history of successfully managing its core business without financial distress, as determined by NYGB in its sole discretion; and

• have experience making loans to and/or investments in clean energy projects such as those loans and investments that are made by NYGB and have experience with portfolio management for such loans or investments, including processing amendments and waivers, as determined by NYGB in its sole discretion.

NYGB is seeking to create a pool (the “Eligible Purchaser Pool” or “EPP”) of pre-approved investors (“Eligible Purchasers”) that will be eligible to place bids to purchase NYGB-originated loans and investments that NYGB offers to sell from time to time. Through this RFP, NYGB seeks proposals from investors that meet the EPP Eligibility Criteria set forth below.

If changes are made to this solicitation notification will be posted on NYSERDA’s website at: www.nyserda.ny.gov/funding-opportunities

Eligibility/Qualifications Requirements/Preferences:

Proposer eligibility under this solicitation will be determined by the proposer’s financial position, operating performance, experience in lending to or investing in clean energy projects such as those loans and investments that are made by NYGB, and compliance with applicable laws and regulations. At a minimum, proposers must:
a) be
i. an institutional Accredited Investor per the definition provided by the Securities and Exchange Commission at the following website (https://www.sec.gov/education/capitalraising/building-blocks/accredited-investor) with a net worth of at least $250,000,000; or
ii. a Qualified Institutional Buyer under Rule 144A of the Securities Act with a net worth of at least $250,000,000; or
iii. be regulated under Federal or state law by the Securities and Exchange Commission (SEC), Office of the Comptroller of the Currency (OCC), New York State Department of Financial Services, or similar agency satisfactory to NYGB in its sole discretion (each of (i), (ii), and (iii), a “Qualified Proposer”); and
b) have an operating history of successfully managing its core business without financial distress, as determined by NYGB in its sole discretion; and
c) have experience making loans to and/or investments in clean energy projects such as those loans and investments that are made by NYGB and have experience with portfolio management for such loans or investments, including processing amendments and waivers, as determined by NYGB in its sole discretion.

Business enterprises awarded an identical or substantially similar procurement contract within the past five years:

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