New Private Equity Firm To Focus On Cleantech Sector

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.”

Visit our sister publication
Clean Tech Brief


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...