NewWorld Capital Group, a leading private equity firm in the environmental opportunities sector, today announced an environmental infrastructure investment initiative to complement the Firm’s growth equity investment activities.
NewWorld Environmental Infrastructure, L.P., which will be funded by a commitment from North Sky Capital’s CleanTech Alliance Fund, will provide project equity and asset-backed structured equity to clean infrastructure projects and companies. This initiative will allow NewWorld to
leverage its deep understanding of the environmental sector, draw on its broad relationship base to originate attractive investment opportunities, and use the team’s structuring skills to generate attractive risk-mitigated returns.
“Environmental infrastructure is a rapidly growing sector as companies recognize the opportunity to substitute clean technologies and processes into the existing infrastructure with the bottom line benefit of reducing resource use and operating costs as well as minimizing the impact of negative externalities,” notes Everett Smith, NewWorld Founding Partner. “In addition, clean infrastructure deployment has an immediate and positive impact on job creation and, over time, should provide a needed boost to the U.S. economy.”
Scott Barrington, Managing Partner of North Sky Capital, noted, “We have a strong and long- standing relationship with the NewWorld team, having invested alongside them in the past. We worked closely with them to develop this environmental infrastructure initiative. We have tremendous confidence in their ability to find great investment opportunities and to generate strong returns for our constituents.”
NewWorld expects the infrastructure initiative will enable it to invest in a broader range of environmental opportunities, with the infrastructure and growth initiatives able to share investments as appropriate.
About NewWorld Capital Group
NewWorld Capital Group is a leading private equity firm focused on investing in the environmental opportunities sector, principally in the United States and Canada and selectively in Europe. NewWorld makes growth equity and control investments in rapidly growing mid-sized and smaller companies in energy efficiency, clean energy, water resources and reclamation, waste-to-value, pollution abatement, sustainable/biodegradable materials, and related environmental services.
The Firm does not accept technology risk and invests only when a productive partnership can be formed with company management. NewWorld was founded by a group of experienced investors and business builders from General Electric, Goldman Sachs, McKinsey, and several private equity firms.