NewWorld Capital Group To Invest in Cleantech

Oct 28 2009 | 12:16pm ET

Investors this week announced the formation of NewWorld Capital Group, a private equity firm that will invest in middle-market companies and related infrastructure projects in the cleantech sphere.

Investments will target clean energy, energy efficiency, environmental services, waste management, water and sustainable/biodegradable materials, principally in the United States and selectively in Europe.

NewWorld Capital will provide expansion capital to proven companies and clean infrastructure projects in collaboration with top-quality management teams.

“We will apply the most rigorous tests,” said Carter Bales, NewWorld Capital chairman. “No unproven technologies, no venture investments, no business plans built on a future carbon price.”

In addition to Bales, the firm’s founding partners include industry veterans Bradley Abelow, Bill Hallisey, Ali Iz and Everett Smith.

NewWorld Capital will work in close cooperation with Ambienta Sgr, a leading European environmental assets private equity firm. The two firms intend to collaborate in sourcing and evaluating investment opportunities in each other’s markets.

Smith said NewWorld Capital would provide expansion capital to companies and related infrastructure projects in the middle market – “what is conventionally known as the ‘Commercialization Gap’ – the period before companies and projects can command large amounts of institutional capital.”


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...