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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...