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Private Equity Firm EIP Launches Energy-Focused Credit Group

April 05, 2017, 07:12 AM
Filed Under: New Venture

Private equity firm Energy Impact Partners (EIP) announced that it has established a credit group to support U.S.-based small and middle-market businesses, with a specific focus on energy impact-related investments. The group will primarily offer debt financing solutions, such as first and second lien secured term loans and unsecured debt -- leveraging EIP's existing infrastructure, expertise in equity investing, and utility partner network to broaden the firm's financial solution offerings.

In conjunction with this news, EIP announced the hiring of Harry Giovani as a Managing Partner, and Greg Richards, CFA, as Managing Director, responsible for overseeing the credit group. The two will focus on deal sourcing and execution, as well as portfolio monitoring and operations.

Giovani has more than two decades of investment management and commercial finance experience, developing strong investment strategies and processes in prior roles. Before joining EIP, Giovani was co-founder, Senior Managing Director, Chief Credit Officer and member of all investment committees of CION Investment Group, a leading investment manager for funds providing alternative financing to companies in asset-intensive industries, as well as a $1.5 billion business development company called CION Investment Corporation. He holds a Bachelor's degree in Finance from Cornell University.

Richards has more than 13 years of experience in middle market private investing, investment banking and lending. Previously, Richards was a senior investment professional at Medley Capital, where he sourced, underwrote and executed middle-market private investment transactions. He holds an MBA from Columbia Business School and a BBA in Finance from the College of William & Mary.

"Adding this credit capability helps us meet the needs of our portfolio companies," said EIP CEO and Managing Partner Hans Kobler. "At EIP, we encounter companies at all stages of development. Now we have a lending group to support later-stage firms trying to facilitate growth, as well as two highly experienced people to run the program. We are honored to welcome Harry and Greg to the EIP team."

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