PRINT THIS PAGE ECP, NYPB&T to invest $100m in mid-market environmental companies25/09/2007. Source: AltAssets. 
Environmental Capital Partners has teamed up with New York Private Bank & Trust to invest $100m in mid-market green companies. Sectors of particular interest include green consumer products, eco-friendly building materials, alternative energy and industrial environmental services. ECP is actively seeking growth and buy-out transactions that require equity investments of $10-25m, but the firm has the ability to complete larger transactions.
ECP's team of financial professionals and environmental figures will be led by managing partners William Staudt, an entrepreneur with extensive private equity and operating experience, and Robert Egan, formerly of J.P. Morgan Partners. In addition to Egan and Staudt, the firm's partners include Dr Stephen Kellert, a senior professor at the Yale School of Forestry and Environmental Studies; Michael Richter, a specialist in the environmental community and frequent speaker at environmental events. Christopher Staudt, a private equity professional with experience in grassroots environmental programming, joins as a principal.
Howard Milstein, president and CEO of NYPB&T, and Barry Friedberg, a director of NYBP&T and the former chairman of the Investment Banking Division and member of the Executive Management Committee at Merrill Lynch & Co., will serve on ECP's investment committee along with Egan and Staudt.
William Staudt said, 'The plan is to put this money to work very successfully, and we think there is an enormous opportunity because, to our knowledge, there really are no other mid-market environmental private equity funds.
'The [green] sector is one that we anticipate will be a high-growth sector over the next ten years, environmental assets will become a dominant class, so we believe this is a very good time to be investing long-term in environmental companies,' Staudt added.
ECP makes majority or significant minority investments and then works closely with company managements to build value.
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