Energy Capital Partners

Office address: 40 Beechwood Road Summit, NJ 07901
Website: www.ecpgp.com
Year established: 2005
Company type: energy transition investor
Employees: 90+
Expertise: private equity, private credit, infrastructure fund, mezzanine capital, power generation, renewable energy, energy storage, natural gas infrastructure, environmental infrastructure, decarbonization, sustainability
Parent company: N/A
Key people: Doug Kimmelman (senior partner), Pete Labbat (managing partner), Tyler Reeder (managing partner), Murray Karp (CFO, COO), Schuyler Coppedge (partner), Rahman D’Argenio (partner), Matt Delaney (partner), Mahmud Riffat (partner)
Financing status: N/A

Energy Capital Partners is a New Jersey-based private equity firm with over 90 employees, focused on electricity and sustainable infrastructure investments. Since its establishment, ECP has raised around $31 billion in capital commitments, working with over 600 global limited partners to invest in critical energy infrastructure. With decades of experience, the firm has established solid industry relationships and a strong sourcing network, enabling innovative energy transactions.

History of Energy Capital Partners

Energy Capital Partners was founded in April 2005 by Doug Kimmelman, Thomas Lane, and Scott Helm to focus on energy infrastructure investments. Initially based in Short Hills, the firm later moved to Summit and raised $2.25 billion for its first fund in 2007. It joined a consortium led by Kohlberg Kravis Roberts and TPG in the Energy Future Holdings buyout, one of history's largest leveraged buyouts.

In 2009, ECP launched Summit Midstream Partners to invest in North American gas infrastructure before exiting its ownership. In 2017, Dyal Capital purchased a minority stake in ECP, providing financial stability and allowing the firm to pay retention bonuses and buy out Lane's ownership. By 2023, it established ECP ForeStar, a $2.5 billion credit platform focusing on climate change and sustainability.

Products and Services of Energy Capital Partners

The company offers a range of investment solutions across energy infrastructure and sustainability. These offerings include:

• private equity: focuses on control investments in electricity, renewables, and energy infrastructure companies
• credit solutions: provides capital for climate-focused and sustainable infrastructure projects
• renewable energy: invests in solar, wind, hydro, and other clean energy technologies
• midstream investments: targets infrastructure for natural gas and related services
• environmental infrastructure: supports projects reducing environmental impacts and promoting sustainability
• decarbonization and clean energy: addresses climate change through strategic investments in energy transition technologies
• energy storage: invests in technologies that support energy reliability and grid efficiency

Energy Capital Partners is a top equity and credit investor in energy transition infrastructure, focusing on clean, affordable, and reliable energy solutions. ECP's investments span power generation, renewables, storage, and sustainability-focused sectors, emphasizing value and long-term impact.

Culture at Energy Capital Partners

Energy Capital Partners values respect, collaboration, hard work, and open communication as the foundation of its culture. The firm takes pride in working together, valuing each team member’s opinions, and prioritizing the success of the group over individual goals. Speaking of working together, here are some benefits that the company’s employees enjoy:

• comprehensive health coverage
• retirement plans including 401(k) options
• flexible vacation policies and work-life balance
• competitive salaries and discretionary bonuses

The company integrates ESG principles into every aspect of its operations, recognizing the strong connection between value creation and environmental, social, and governance standards. The firm prioritizes safety, reliability, and environmental stewardship in its investments, particularly in electricity and sustainability infrastructure.

Energy Capital Partners is committed to supporting the energy transition, focusing on building sustainable and reliable energy infrastructure by:

• treating employees and portfolio company staff with fairness, offering professional growth opportunities
• investing in renewable technologies like solar, wind, hydro, geothermal, and energy storage
• ensuring a transparent, safety-first culture across all operations and portfolio companies

The organization focuses on being responsible stewards of investor capital while protecting the environments and workplaces they impact. The senior team has worked together for years, building strong relationships based on trust and respect. They emphasize talent that thrives in a collaborative environment, recognizing that teamwork often leads to the best results.

About Energy Capital Partners Senior Partner Doug Kimmelman and Key People

Douglas Kimmelman is senior partner at ECP and serves on the firm's Investment Committee and Bridgepoint’s Executive Committee. Before founding the company, he spent 22 years at Goldman Sachs where he became a general partner. Kimmelman holds a degree in economics from Stanford University and an MBA from the Wharton School at the University of Pennsylvania.

Energy Capital Partners' leadership team includes key figures who drive the firm's strategic direction and investments:

• Pete Labbat, as a managing partner, oversees investment activities and strategic growth initiatives across energy infrastructure sectors
• Tyler Reeder, serving as managing partner, leads the firm's energy transition and sustainability-focused investment strategies
• Murray Karp, as partner, CFO and COO, manages financial operations and organizational administration
• Schuyler Coppedge, serving as a partner, focuses on renewable energy and power generation investments
• Rahman D’Argenio, as a partner, leads the firm’s investments in energy storage and environmental infrastructure
• Matt Delaney, as partner, drives investment strategies in energy services and related infrastructure
• Mahmud Riffat, as a partner, leads initiatives in environmental sustainability and decarbonization investments

The Future at Energy Capital Partners

In 2024, Energy Capital Partners raised $6.7 billion for its fifth flagship equity fund, surpassing its target by 10%. This capital will support investments in power generation, renewable energy, and decarbonization projects. ECP is confident that these investments will play a key role in advancing global energy transition efforts.

The company recently acquired a majority interest in ProEnergy, a company specializing in power generation and energy services. This acquisition strengthens ECP’s role in delivering reliable and sustainable energy, particularly in the natural gas sector. The move aligns with Energy Capital Partners’ mission to invest in critical energy infrastructure while promoting decarbonization and sustainability efforts.