Investors

New Energy Capital expands team

The clean energy-focused PE firm has hired former Morgan Stanley exec Ian Marcus and has re-hired Jeph Shaw, who is returning to NEC with an MBA after participating in SunEdison’s management programme.

By
Kalliope Gourntis
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New Energy Capital Partners, a private equity firm focusing on the clean energy infrastructure sector, has expanded its team with two new hires.

It has named Jeph Shaw, previously an associate with the New Hampshire-based firm, vice president and partner. Shaw is returning to New Energy Capital after earning an MBA and participating in the management leadership development programme at SunEdison. During that time, he focused on investment and financing at SunEdison’s TerraForm yieldco, NEC said in a statement.

Ian Marcus, whose previous experience includes working for SunEdison, has also been named vice president and principal. He joins NEC from Morgan Stanley, where he was vice president on the solar desk within the investment bank’s North America Power & Gas Unit, part of its commodities division.

“Jeph and Ian bring significant industry experience to our team and will help NECP continue to deploy capital efficiently and effectively,” the firm’s chief executive Scott Brown said.

Founded in 2003, New Energy Capital was one of the first private equity firms to focus on clean energy, according to its website. It manages the New Energy Capital Cleantech Infrastructure Fund and the New Energy Capital Infrastructure Credit Fund, and advises the Alliance Fund II.

Aside from its Hanover headquarters in New Hampshire, NECP also has offices in Boston and Denver.