Power Capital Holdings LLC (“PCH”) is pleased to announce the launch of a new global power sector private equity firm, Power Capital Partners LLC (“PCP”).
PCP has been launched in partnership with Hunt Power Capital Partners, LLC (“HPCP”), a wholly owned subsidiary of Hunt Consolidated, Inc. (“Hunt”), which is part of a larger privately owned group of companies managed by the Ray L. Hunt family. PCP is based in White Plains, New York, with a regional office in Austin, Texas.
PCP’s creation results from the combination of a highly qualified and deeply experienced investment team with a leading global energy sector developer and investor.
The PCP executive management team includes Co-Founding Managing Partners Jeffrey S. Stein, K. Mitchell Posner and Jeff D. Hunter.
The Managing Partners have over 70 years of combined asset management, investment and operating experience in power generation and related industries. PCP will pursue late stage development investments in conventional and renewable power plants and related infrastructure in North America, Latin America, Asia, Europe, Africa and other select global locations. PCP will invest exclusively in projects that are either fully contracted or hedged with investment grade counterparties and therefore exhibit highly predictable cash flow. The fully integrated PCP business model and investment strategy, which includes capital investment from development through construction completion, operation and monetization, is unique in the energy focused asset management industry.
Hunt is one of the preeminent independent energy and investment companies in the world that engages in oil and gas exploration, refining, power, real estate, ranching and private equity investments. Hunt has made a substantial commitment to electric power through its role in the formation of Sharyland Utilities, L.P., and through its investment holdings in both InfraREIT Capital Partners, LLC and US Power Generating Company (“USPowerGen”). Hunt will provide PCP with access to information and resources to implement the business model and execute the investment strategy.