Credit Suisse 'Cavalier’ Towards Renewable Energy

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.


In Depth

FINalternatives Survey: We Asked Investment Pros...

Apr 2 2016 | 9:42pm ET

The data from our annual reader survey continues to roll in and provide interesting...

Lifestyle

Point72's Cohen Donates $275M To Veterans Mental Health Network

Apr 6 2016 | 8:31pm ET

Billionaire hedge fund manager Steve Cohen has formed a non-profit aimed at treating...

Guest Contributor

Agecroft: Why NYCERS Should Reconsider Exiting All Hedge Funds

Apr 18 2016 | 5:51pm ET

The recent decision by the New York City Employment Retirement System to exit its...