Power Capital Holdings announces new global equity firm
Power Capital Holdings recently announced the launch of an equity firm specifically focused on the power sector. The new firm, Power Capital Partners LLC. This new firm had partnered with Hunt Consolidated Inc, which is a wholly owned subsidiary of Hunt Consolidated Inc.
The new firm would leverage the experience and skills of its investment team and one of the leading global energy sector developer and investor. The business model of PCP as well as its investment strategy, with capital investment from development through operation, monetization and completed constructions. Its set up is unique in the energy focused asset management industry.
According to PCP Managing Partner Jeffrey S. Stein, "It is a privilege to have Hunt Consolidated as a financial and strategic partner for PCP. The international project development and operating expertise of Hunt provides the perfect complement to the PCP executive management team. We believe that the partnership with Hunt coupled with the Co-Development Agreement with BDC clearly positions PCP for success."
Stein had referred to a Co-Development Agreement for side by side investment for fully contracted or hedged conventional as well as renewable energy power plants on a global scale.