Tax Equity Funds at larger BB

Looking to get some insight into the ins and outs of institutional tax equity (renewables, LIHTC, New Markets, etc.) fund structuring and syndications at a BB like Goldman.

How are the groups structured? Analyst, associate, vp, md?

Is equity raised from institutional investors ahead of closing on individual deals, or are they funded by the bank sponsor or GP of the fund and syndicated and sold off?

Are the funds structured with one institutional investor, or multiple, or does it very based on the transaction?

Are deals individually underwritten ahead of pooling and syndicating the fund, or are they underwritten as a portfolio?

I realize this is a very niche line of business, but would appreciate any information available.


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