Tuesday, 28 April 2015
Last updated 15 hours ago
Oct 28 2009 | 12:19pm 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.”
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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…