Wednesday, 27 May 2015
Last updated 6 hours ago
Mar 28 2008 | 10:48am ET
Credit Suisse is set to commit as much as $300 million to renewable energy investments under a deal with private equity firm Hudson Clean Energy Partners.
Under the joint venture, John Cavalier, head of CS’s renewable energy investment banking practice, will join Hudson as a partner. Cavalier and Neil Auerbach, Hudson’s founder, will be the managing partners of the investment platform.
“Credit Suisse has been looking to invest its own capital in renewable energy for a long time, and the firm has been supportive of my desire to transition from investment banking to principal investing in the sector,” said Cavalier.
Hudson’s investment strategy focuses on high-growth, asset-based, capital-intensive segments of the clean energy value chain using commercialized technologies to extract energy from wind, solar, geothermal, biomass and other renewable sources.
Prior to founding Hudson, Auerbach was a partner at Goldman Sachs, where he created and led its U.S. alternative energy investment business and managed more than $3 billion in assets for the firm.
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…