ANNAPOLIS, Md., May 28, 2019-- Leading solar developer New Energy Equity ("NEE") and private equity investment fund SmartPitch Ventures ("SmartPitch") announced today the closing of a major investment in NEE by SmartPitch. Under the terms of the agreement, SmartPitch assumed a controlling interest in NEE. The investment will accelerate NEE's growth for the coming years and entrench their position as one of the key developers focused on distributed generation and community solar in the United States.