Energy Investors Funds has promoted eight of its senior staff. Mitch Coddington and Mark Segel have been promoted to senior partner from partner. Keith Derman, Warren MacGillivray, Andrew Pike, Cam Reese, Jose Torres-Monllor and Mark Voccola have been promoted to partner from senior vice president.
Energy Investors Funds (“EIF”) today announced the promotion of eight of its senior staff. Mitch Coddington and Mark Segel have been promoted to Senior Partner from Partner. Keith Derman, Warren MacGillivray, Andrew Pike, Cam Reese, Jose Torres-Monllor, and Mark Voccola have been promoted to Partner from Senior Vice President. All promotions are effective as of January 1, 2013.
“We’re thrilled to announce these promotions, which reflect the outstanding contributions these individuals have made to EIF over their years with the firm,” said John Buehler, Terence Darby and Herbert Magid, the Managing Partners of EIF. “We believe the high quality of our staff reflects the opportunity our firm sees in the current environment for power plant and power transmission deals.”
Mitch Coddington, CPA, joined EIF in 1993. Mr. Coddington serves as the firm’s Chief Financial Officer and is responsible for EIF’s internal and external financial reporting, accounting, tax, information technology, and treasury matters, including the funds’ credit facilities. Prior to joining the firm, he was CFO/Treasurer/Controller of Property Capital Associates, a private equity firm investing in commercial real estate, and he also served as Vice President and Controller of Property Capital Trust, a publicly traded real estate investment trust. He holds an M.B.A. from Babson College and a B.A. in Economics from Hartwick College.
Mark Segel joined EIF in 1999 and is responsible for the asset management of fund investments. Mr. Segel’s duties include identifying and implementing strategies to optimize the value of investments, including portfolio and project financings, project contract restructurings, and the management of investment liquidations. Earlier in his career at EIF, Mr. Segel was an investment officer responsible for new fund investments. Prior to joining the firm, Mr. Segel was Vice President of Finance at ABB Energy Capital L.L.C. in Boston, where he provided project financing for energy efficiency and energy-related projects. He holds an A.B. from Harvard College where he concentrated in Economics.
Keith Derman joined EIF in 2005 and is responsible for originating, analyzing, structuring, and closing new fund investments, as well as ongoing portfolio company management. Prior to joining the firm, Mr. Derman held various roles within Public Service Enterprise Group (PSEG), including Manager of Corporate Development in PSEG Power, where he worked on acquisition, divestiture, and development projects for the company’s 14,000 MW generation fleet. He holds an M.B.A. from the Wharton School at the University of Pennsylvania and an A.B. in Political Science from Duke University.
Warren MacGillivray joined EIF in 2007 and is responsible for portfolio company management. Prior to joining the firm, Mr. MacGillivray held various roles within GE Energy Financial Services (GE EFS), including Portfolio Manager, where he managed in excess of $2 billion of structured equity and debt investments. He holds an M.B.A. from Rensselaer Polytechnic University and a B.S. in Marine Engineering from the Massachusetts Maritime Academy.
Andrew Pike joined EIF in 2008 and is primarily responsible for the management of portfolio investments, including the identification and implementation of strategies to optimize value and the disposition of assets. Prior to joining the firm, Mr. Pike was a member of Wells Fargo’s Debt Capital Markets team, where he was responsible for all phases of capital markets execution, including deal origination, transaction structuring, and securities distribution. He holds an A.B. in History and Government from Bowdoin College.
Cam Reese, CPA, joined EIF in 1994 and has served as Senior Vice President of Finance and Operations, Controller and Assistant Controller. In these positions she is responsible for maintaining the systems of financial control and reporting for all EIF entities. This includes developing and implementing financial policies in the areas of accounting and financial reporting, tax, treasury and budgeting. Prior to joining the firm, Ms. Reese worked at Coopers & Lybrand for more than six years. She holds a B.A. from Suffolk University.
Jose Torres-Monllor joined EIF in 2006 and is responsible for originating, analyzing, structuring, and closing new fund investments. Prior to joining the firm, Mr. Torres served as Sector Vice President and Head of the Structured Finance Group at Cobank. He was responsible for a $1 billion portfolio of structured finance transactions. He holds an international M.B.A. from The American Graduate School of International Management (Thunderbird) and a B.A. in Business/Economics from Colorado College.
Mark Voccola joined EIF in 2001 and is responsible for originating, analyzing, structuring, and closing new fund investments, as well as ongoing portfolio company management. Prior to joining the firm, Mr. Voccola worked for investment bank Dresdner Kleinwort Wasserstein in the Global Debt Origination area, where he worked with U.S. power and electric utility clients. He holds an M.B.A. from Fordham University Graduate School of Business Administration and a B.S. from Boston College.
About Energy Investors Funds
EIF was founded in 1987 as one of the first private equity fund managers dedicated exclusively to the independent power and electric utility industry. Its consistent, proven investment strategy is to create geographically and technologically diversified portfolios of electric power-related assets that provide superior risk-adjusted equity returns with current cash flow and capital appreciation. EIF has raised over $5 billion in equity capital and currently manages multiple private equity funds from its offices in Boston, New York, and San Francisco. These funds have made over 100 diversified investments with an underlying asset value greater than $15 billion. EIF-managed funds own approximately 4,000 MW of capacity in facilities that are currently operating or under construction and an additional 6,000 MW in facilities that are in various stages of development. EIF closed on its latest fund, EIF United States Power Fund IV, L.P., in October 2011, with $1.713 billion in capital commitments.
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