Sam Sutton
The firm’s portfolio companies have cut 810,000 metric tons of greenhouse emissions, 2.2m tons of waste and 300m litres of water since 2008.
David Atterbury was promoted to managing director after sourcing and leading the acquisition of Absolute Private Equity in 2011.
2012 is poised to be a big year for the energy sector and energy related funds, says Pine Brook managing director Michael McMahon.
The firm’s decision to offer a preferred return after years of resistance is symptomatic of the pushback LPs are showing on fund terms.
The $4.9bn retirement system is expected to increase its allocations to mezzanine and energy strategies as it continues to revive its private equity programme.
Andrew Gesell will be leaving Court Square, reportedly after the firm finishes raising its most recent fund. Christopher Bloise, Jeffrey Vogel and Michael Delaney will continue to manage the firm’s technology portfolio.
Archer’s ‘strongly oversubscribed’ fifth fund has beat it’s $1.27bn target after only four months on the market.
KKR financed its first renewable energy investment in the US through a new $95m vehicle known as SunTap Energy, with plans to invest in similar projects.
The firm has already invested around $60m across five investments in the continental US, targeting smaller wells that are unlikely to be on the radars of larger energy funds.
The $78bn pension system has committed over $3bn across six funds to Warburg since 1994.