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Investments

21

Portfolio Exits

7

Funds

11

Service Providers

1

About Energy Capital Partners

Energy Capital Partners (ECP) is a private equity firm focused on investing in North American energy infrastructure. The company specializes in investing in renewables, storage and sustainability, and decarbonization infrastructure industries.

Energy Capital Partners Headquarter Location

40 Beechwood Road Suite 200

Summit, New Jersey, 07901,

United States

973-671-6100

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Latest Energy Capital Partners News

Victory Capital launches alternative investments platform with acquisition of New Energy Capital Partners

Sep 14, 2021

Submitted14/09/2021 - 9:50amVictory Capital Holdings' wholly owned operating subsidiary Victory Capital Management Inc is to acquire 100 per cent of New Energy Capital Partners (NEC).NEC will become Victory Capital’s 11th Investment Franchise and represents the Company’s first Franchise focusing exclusively on alternative investments. Founded in 2004 and based in Hanover, New Hampshire, NEC is a leading alternative asset management firm focused on debt and equity investments in clean energy infrastructure projects and companies. The transaction is expected to close during the fourth quarter of 2021 and be immediately accretive to Victory Capital’s earnings.David Brown, Chairman and CEO of Victory Capital, says: “Launching an alternative investment platform creates an additional path for future growth. The same principles that have led to success in our traditional asset management business will guide the strategy for this part of our business. This includes adding autonomous Investment Franchises, with excellent investment performance track records and managing strategies designed to add value to client portfolios. Our operating and distribution infrastructure will support these Investment Franchises to allow them to stay focused on managing assets and serving clients.“NEC perfectly embodies all of the characteristics we seek, and we particularly like their specialisation in clean and renewable energy, which is a fast-growing market segment.”With four active private closed-end funds, NEC is invested across both debt and equity instruments and has a diverse investor base of limited partners representing a mix of institutional investors including endowments, foundations, insurance companies, pension plans, health systems, government entities and family offices. With a broadly diversified portfolio of projects, spanning multiple energy markets and geographic jurisdictions, NEC generates returns that are uncorrelated with commodity exposure and traditional energy investments. NEC’s investment process will be unchanged and allow for continued long-term investment excellence.“We are very excited to be partnering with an industry leader—Victory Capital—to enhance operating support and accelerate our growth trajectory,” says Scott Brown, Founder and CEO of NEC. “Following the transaction’s close, we look forward to benefiting from Victory Capital’s well-established distribution capabilities.“Since we launched our first fund 17 years ago, the clean energy sector has substantially matured. Technology advancements have led to material declines in production costs and the industry’s economics have now reached a tipping point. This—coupled with increasing attention on climate change and rapidly evolving government standards—bodes well for solar, wind, and hydro technologies to increase their respective shares of the growing electrical generation market.”In 2020, projects funded by NEC offset more than 4.4 million metric tons of carbon dioxide equivalents. This greenhouse gas abatement equates to planting more than 73 million trees.Closing is subject to customary approvals, conditions and consents. BofA Securities is serving as financial advisor to Victory Capital, and Willkie Farr & Gallagher LLP is serving as legal advisor to Victory Capital. UBS is serving as financial advisor to NEC, and Choate Hall & Stewart LLP is serving as NEC’s legal advisor.Like this article? Sign up to our free newsletterRelated TopicsDeals & TransactionsAcquisitionsEnergyFinance & Insurance -

Energy Capital Partners Investments

21 Investments

Energy Capital Partners has made 21 investments. Their latest investment was in Terra-Gen as part of their Private Equity on April 4, 2021.

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Energy Capital Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/5/2021

Private Equity

Terra-Gen

Yes

1

11/30/2018

Private Equity - III

Sunnova Energy

$76M

No

1

11/29/2018

Private Equity - II

EnergySolutions

$122.96M

No

2

1/10/2017

Private Equity - II

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$99M

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10

7/22/2016

Private Equity

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$99M

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10

Date

4/5/2021

11/30/2018

11/29/2018

1/10/2017

7/22/2016

Round

Private Equity

Private Equity - III

Private Equity - II

Private Equity - II

Private Equity

Company

Terra-Gen

Sunnova Energy

EnergySolutions

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Amount

$76M

$122.96M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

1

1

2

10

10

Energy Capital Partners Portfolio Exits

7 Portfolio Exits

Energy Capital Partners has 7 portfolio exits. Their latest portfolio exit was Sunnova Energy on July 25, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/25/2019

IPO

$991

2

00/00/0000

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10

00/00/0000

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10

00/00/0000

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$991

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10

00/00/0000

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10

Date

7/25/2019

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

IPO

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Companies

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Valuation

$991

$991

Acquirer

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Sources

2

10

10

10

10

Energy Capital Partners Acquisitions

15 Acquisitions

Energy Capital Partners acquired 15 companies. Their latest acquisition was Pivot Energy on June 02, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/2/2021

Acq - Fin

1

2/24/2020

$991

Acquired Unit

1

7/10/2019

Series B - II

$12.82M

Acq - Fin

5

3/9/2018

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$991

$99M

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10

3/6/2018

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$99M

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10

Date

6/2/2021

2/24/2020

7/10/2019

3/9/2018

3/6/2018

Investment Stage

Series B - II

Companies

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Valuation

$991

$991

Total Funding

$12.82M

$99M

$99M

Note

Acq - Fin

Acquired Unit

Acq - Fin

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Sources

1

1

5

10

10

Energy Capital Partners Fund History

11 Fund Histories

Energy Capital Partners has 11 funds, including Energy Capital Partners Continuation Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/2/2021

Energy Capital Partners Continuation Fund

$1,200M

1

1/22/2020

Energy Capital Partners IV

REAL Assets

$3,300M

10

12/30/2019

Energy Capital Partners Credit Solutions II

Private Debt (Other)

$180.5M

4

2/26/2019

Energy Capital Investors Fund

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$99M

10

4/7/2014

Energy Capital Partners III

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$99M

10

Closing Date

4/2/2021

1/22/2020

12/30/2019

2/26/2019

4/7/2014

Fund

Energy Capital Partners Continuation Fund

Energy Capital Partners IV

Energy Capital Partners Credit Solutions II

Energy Capital Investors Fund

Energy Capital Partners III

Fund Type

REAL Assets

Private Debt (Other)

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Status

Amount

$1,200M

$3,300M

$180.5M

$99M

$99M

Sources

1

10

4

10

10

Energy Capital Partners Service Providers

1 Service Provider

Energy Capital Partners has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

Energy Capital Partners Team

7 Team Members

Energy Capital Partners has 7 team members, including current Chief Financial Officer, Murray D. Karp.

Name

Work History

Title

Status

Murray D. Karp

Chief Financial Officer

Current

Nahla Azmy

Managing Director

Current

Perry J Cole

Managing Director

Current

Steve Herman

Managing Director

Current

Christopher Leininger

Managing Director

Current

Name

Murray D. Karp

Nahla Azmy

Perry J Cole

Steve Herman

Christopher Leininger

Work History

Title

Chief Financial Officer

Managing Director

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Current

Current

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