Private equity firm NewWorld Capital Group has launched an environmental infrastructure investment initiative to complement its growth equity investment activities.
NewWorld Environmental Infrastructure, L.P., 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.
Led by Founding Partner Everett Smith, the firm intends to invest in a broader range of environmental opportunities, with the infrastructure and growth initiatives able to share investments as appropriate.
NewWorld Capital Group makes growth equity and control investments in rapidly growing mid-sized and smaller companies in energy efficiency, clean energy, water resources and reclamation, waste-to-value, pollution abatement, sustainable/biodegradable materials, and related environmental services.
It mainly focuses on the United States and Canada and selectively in Europe.