Latest news with #PegasusCapitalAdvisors
Yahoo
10-06-2025
- Business
- Yahoo
Pegasus Capital Advisors and Partanna Collaborate to Scale Carbon-Negative Cement for Coastal Resilience
Pegasus Capital Advisors and Partanna are working together on a strategic investment to support the deployment of carbon-negative materials for marine restoration and resilient coastal infrastructure. The contemplated investment would be made through the Global Fund for Coral Reefs (GFCR) platform managed by Pegasus Capital Advisors. NICE, France, June 10, 2025 /PRNewswire/ -- Pegasus Capital Advisors, a leading private markets investment firm focused on sustainability and climate resilience, is collaborating with Partanna, the climate technology company behind the world's first carbon-negative cement, on a strategic investment of up to $20 million. The investment, under discussion and subject to further diligence and final agreements, will support Partanna's expansion into emerging markets and help unlock catalytic grant opportunities. The investment will also be used to build coastal resilience under Partanna Ocean - a subsidiary of Partanna. This collaboration reflects a shared ambition to deliver nature-positive infrastructure at scale, and to unlock blended finance solutions, including catalytic grants and climate-aligned capital, to accelerate deployment in emerging markets. This future investment announced during the 2025 UN Ocean Conference underscores a shared commitment to delivering scalable, high-impact solutions at the forefront of climate mitigation, adaptation, and nature restoration. Pegasus Capital, based in Connecticut, USA, has deployed $2.6 billion of capital commitments since inception and will bring its proven expertise in finance, ocean investing and emerging market infrastructure to accelerate Partanna's global growth. "Coral reefs and coastal ecosystems are disappearing at an alarming rate—threatening marine life, livelihoods, and entire communities," said David Cogut, Co-Managing Partner at Pegasus Capital Advisors. "At Pegasus Capital, we believe the best investments deliver strong returns for investors and improve people's lives. Partanna Ocean is a true innovator at the intersection of climate, technology, and the marine environment—restoring ecosystems, creating local jobs, and helping coastal communities withstand rising seas and climate-driven disasters." Coral reefs generate $9 billion in coastal protection, $6.8 billion in fisheries, and $35.8 billion in tourism each year. Yet these ecosystems face devastating threats from climate change—from ocean acidification to coral bleaching. Partanna's cement reverses this damage: instead of emitting CO₂ like traditional concrete, it captures and stores carbon—and becomes stronger in seawater. "This significant partnership enables us to create a world where infrastructure on land and sea can work for us, not against us," said Rick Fox, Co-Founder and CEO of Partanna. "Partanna Ocean represents a new frontier in climate innovation, one where we support the restoration of marine ecosystems, building with materials that are nature positive and actively heal the planet." GFCR, with its investment arm managed by Pegasus Capital, is a multi-partner initiative launched to support the resilience and restoration of coral reefs around the world. It is both a funding mechanism and a coalition of public and private partners working together to protect coral reef ecosystems and the communities that depend on them. Member countries include: Jamaica, The Dominican Republic, Indonesia, Ecuador, Mozambique, The Maldives, The Bahamas and other countries that are part of GFCR. As the first U.S. private equity firm accredited by the Green Climate Fund and a partnership agreement with the United Nations Development Programme (UNDP), Pegasus Capital is uniquely positioned to de-risk and mobilize capital through its layered capital structure—enabling unique investments in high-impact ventures like Partanna. The collaboration with the GFCR's mission to protect coastal ecosystems and deliver climate-resilient infrastructure across developing nations. "We are excited to invest in a team bringing real innovation to climate and ocean challenges," said Mahamadou Coulibaly, Operating Advisor at Pegasus Capital Advisors. "Partanna's innovation offers a rare mix of climate impact and infrastructure scale." In response to the partnership with Pegasus Capital, Prof. Carlos Duarte, Executive Director at The G20's Coral Research & Development Accelerator Platform said: "I am delighted to see this announcement made today. Partanna Ocean provides a cutting edge technology to fabricate the framework required to support living corals in the promising approach referred to as Hybrid Reefs, conserving corals and coastal protection benefits. This investment will ensure that, through Partanna Ocean, hybrid reefs also contribute to sequester CO2, which is vital because climate change is the biggest threat to coral reefs, hence leading to a triple win: an ocean, climate and biodiversity positive approach to restoring coral reefs." The collaboration with Pegasus Capital Advisors places Partanna at the heart of one of the largest finance movements focused on ocean protection and climate infrastructure. Partanna was advised by Marshall Shaffer, Matt Pacey and Billy Vranish at Kirkland & Ellis LLP. About PartannaPartanna Global is an advanced materials company revolutionizing the construction industry through its development of sustainable building materials. Co-founded by NBA champion Rick Fox, Partanna emerged in response to the devastation caused by Hurricane Dorian in The Bahamas with a core mission to change the way the world is built. Partanna has developed a sustainable alternative to Portland cement that eliminates the need for the energy-intensive clinkering process. This innovative solution permanently removes CO₂ from the atmosphere, making it carbon negative and environmentally beneficial – unlike traditional Portland cement which accounts for 9% of global CO₂ emissions. Partanna's vision extends beyond cement. The company is committed to discovering new advanced materials that delink development from pollution. By leveraging emerging technologies, Partanna aims to remove 1 billion tons of CO₂ by 2050. The company has a global presence with subsidiaries in The Bahamas, Saudi Arabia, and the USA. A further subsidiary, Partanna Ocean, founded in The Bahamas, protects coastal communities and heals our oceans through various applications of Partanna's binder technology. About Pegasus Capital Advisors, Capital Advisors, L.P. is a leading private markets investment manager focused on generating strong returns for investors through projects that create jobs, expand access to clean energy, food and water security, and build stronger local economies. Since 1996, Pegasus has invested in businesses and infrastructure that improve lives and drive economic growth. Pegasus is the investment manager of the Subnational Climate Fund and the Global Fund for Coral Reefs and partners with the United Nations Development Programme (UNDP) to deliver projects and support companies across the Global South. Pegasus was the first North American private equity firm accredited by the Green Climate Fund and works closely with governments and local organizations to build stronger, more resilient communities. Learn more at View original content: SOURCE Pegasus Capital Advisors
Associated Press
13-05-2025
- Business
- Associated Press
Blackstone Veteran Jean Rogers Joins Pegasus Capital Advisors to Lead Next Phase of Growth
Rogers to help scale investments in sustainable infrastructure, renewable energy, agriculture, and nature-based projects STAMFORD, Conn., May 13, 2025 /PRNewswire/ -- Pegasus Capital Advisors, a leading private equity firm specializing in blended sustainable investments across climate, food, water, and ocean ecosystems, today announced the appointment of Jean Rogers as Senior Operating Advisor. Rogers, a pioneering leader in sustainable finance, and former Senior Managing Director at Blackstone, will help drive Pegasus's next phase of growth by scaling investments that deliver strong returns for investors while advancing climate resilience, renewable energy, sustainable agriculture, and water systems across emerging markets. Widely recognized as the founder of the Sustainability Accounting Standards Board — now a core part of the International Sustainability Standards Board (ISSB) framework — Rogers has spent her career integrating sustainability into mainstream investment analysis. At Blackstone, she guided private equity and credit investments to align with climate and sustainability priorities, helping deploy over $12 billion into energy transition and climate solutions globally. 'Jean helped set the global standards for sustainable investing and moved billions of dollars into energy, climate, and infrastructure projects,' said Craig Cogut, Founder and Chairman of Pegasus Capital Advisors. 'At Pegasus, we invest in projects that create jobs, expand clean energy and water access, and strengthen local economies across the Global South. Jean brings the leadership and focus to help us grow this work at a time when it's more important than ever.' In her new role, Rogers will serve on the investment committees of the Subnational Climate Fund and the Global Fund for Coral Reefs, two of the world's leading blended finance vehicles managed by Pegasus Capital Advisors. She will help guide investment decisions, governance, and impact reporting — including Article 9-aligned funds that meet the highest standards for sustainable investment and transparency. As the world's only private equity firm with a partnership agreement with the United Nations Development Program (UNDP), Pegasus Capital implements projects through collaboration with local governments. 'Pegasus Capital has been working in emerging markets to strengthen agriculture, energy infrastructure, water systems, and ocean health — while creating value for investors and jobs for communities— for decades, not just making promises,' said Rogers. 'They put the unique needs of each development project first, not the limits of a fund, which is rare. Their success comes from the team's deep expertise in these sectors and trusted relationships on the ground. I'm excited to help scale this important work in sustainable development and energy transition in the Global South at this defining moment of critical demand, thematic tailwinds and diversification benefits for investors.' Rogers joins Pegasus Capital following a recent $20 million investment in the Subnational Climate Fund to support infrastructure and agriculture projects across the Global South. The fund targets generating 1.8 billion kWh of renewable energy annually, creating 20,000 jobs, improving the lives of 17 million people, and reducing greenhouse gas emissions by 80 million tons. 'At Pegasus, we're about two things: generating great returns for our LPs and great impact for communities around the world,' said David Cogut, Co-Managing Partner at Pegasus Capital. 'Jean brings world-class leadership in sustainable finance and governance, and a commitment to driving investments that build stronger communities, better infrastructure, and lasting value.' Rogers's experience also includes serving on the boards of leading organizations such as The Jane Goodall Institute, Woodwell Climate Research Center, and Xpansiv, an environmental commodities platform advancing voluntary carbon markets. She has been recognized among Barron's Top 20 Influencers of Sustainable Investing and honored by INSEAD as a Society of Progress Medal Laureate. Rogers will work alongside other senior Pegasus Capital advisors who bring decades of leadership across climate policy, corporate innovation, and environmental governance — including Gina McCarthy (former White House National Climate Advisor and U.S. EPA Administrator), Paola de Almeida (former Chief Innovation Officer at Mars, Inc.), and Terry Tamminen (former Secretary of the California EPA). About Pegasus Capital Advisors, L.P.: Pegasus Capital Advisors, L.P. is a leading private markets investment manager focused on generating strong returns for investors through projects that create jobs, expand access to clean energy, food and water security, and build stronger local economies. Since 1996, Pegasus has invested in businesses and infrastructure that improve lives and drive economic growth. Pegasus is the investment manager of the Subnational Climate Fund and the Global Fund for Coral Reefs and partners with the United Nations Development Programme (UNDP) to deliver projects and support companies across the Global South. Pegasus was the first North American private equity firm accredited by the Green Climate Fund and works closely with governments and local organizations to build stronger, more resilient communities. Learn more at View original content to download multimedia: SOURCE Pegasus Capital Advisors
