Pegasus Capital expands renewables infra team

The New York private equity firm is expanding its renewables infrastructure investment focus, adding three new executives to its team.

Pegasus Capital Advisors has expanded its executive team in a bid to focus more on renewable energy infrastructure investment, the private equity fund manager said in a statement.

Ron Klein, Marco Krapels, and Edward Levin, who assumed their new roles on November 19, have extensive experience in finance and renewable energy. They join the firm from Rabobank, the Dutch financial services group.  

“We are delighted to welcome Marco, Ron and Edward to the team as we continue to expand Pegasus along our resource scarcity strategy,” Pegasus Capital’s founder Craig Cogut said.

Klein brings more than 25 years of banking experience to Pegasus, having held positions at various financial institutions such as Mellon Bank, TIAA-CREF and Fuji Bank. Most recently, he served as managing director of Rabobank’s Renewable Energy and Infrastructure Finance Group, which he helped found.

Krapels’ career, which spans 20 years, includes experience in renewable energy project finance, structured finance, and credit. Most recently executive vice president at Rabobank, Krapels headed up the bank’s capital markets and specialty finance areas, including its renewable energy finance division in California.

Levin, who brings a 15-year background in renewable energy and infrastructure project financing, most recently served as executive director at Rabobank in New York, where he was responsible for the bank’s activities in the renewable energy tax equity and debt sectors. Before joining Rabobank, he also served as vice president in the Global Structured Products Group of Morgan Stanley, where he executed principal transactions in the solar, wind, and geothermal sectors.

“Pegasus is committed to our sustainable business investment platform, which is why we are interested in the renewable energy infrastructure sector, and we believe that they will bring invaluable insight and sourcing to our investment strategy,” Cogut said, referring to Pegasus Capital’s recent additions to its team of professionals.

Founded in 1995, the private equity firm manages approximately $2.2 billion in assets. It provides capital to companies across a variety of industries, but focuses on those companies that benefit from the business implications of global resource scarcity. Sectors where this trend is most pronounced are food, water, energy, health/wellness and security, according to the firm’s website.