Spring Lane Capital raised roughly $156.5 million for its inaugural fund, Spring Lane Capital Fund I LP.

To date, the fund has invested $21.4 million in commercial processor and composter Atlas Organics Inc.

In partnership with its existing portfolio company Aries Clean Energy LLC, it provided project capital as part of the $65 million final close for the Aries Linden Biosolids Gasification facility in New Jersey. It also invested in Cambrian Innovation Inc., a commercial provider of distributed wastewater and resource recovery solutions.

The fund will invest in the energy, food, water and waste industries.