NewWorld Capital Group, a leading private equity firm in the environmental opportunities sector, has announced an environmental infrastructure investment initiative to complement the firm’s growth equity investment activities.
NewWorld Environmental Infrastructure, LP, 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 recognise 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 minimising the impact of negative externalities," notes Everett Smith (pictured), 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 US economy."
Scott Barrington, Managing Partner of North Sky Capital, says: "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.
