Saturday, 25 April 2015
Last updated 22 hours ago
Sep 27 2007 | 10:41am ET
Newly-formed Environmental Capital Partners, a New York-based private equity firm, has partnered up with New York Private Bank &Trust to invest a total of $100 million in middle-market “green” companies.
The firm, which was formed earlier this year, will focus on companies within the sectors of green consumer products, eco-friendly building materials, alternative energy, and industrial environmental services.
"The environmental industry is in the early stages of an extended growth period fueled by new and dynamic market forces," said William Staudt, a managing partner. "We are well positioned to become a leading participant in this growth by supporting companies that provide innovative solutions which address environmental concerns."
Staudt declined to comment on the firm’s internal fundraising efforts. ECP usually makes majority or significant minority investments of up to $25 million, but it will consider larger transactions.
The firm boasts Michael Richter, a former member of the New York Rangers hockey team, as a partner. Stephen Kellert, a senior professor at the Yale School of Forestry and Environmental Studies, serves as the firm’s other partner, and Christopher Staudt is the firm’s principal.
“The diversity of our team gives ECP broad intellectual reach, leading environmental perspective and a range of contacts that should enable us to become the leading private equity fund for middle-market environmental companies," said Robert Egan, managing partner.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…