ArcLight co-founder steps back from daily responsibilities: updated

ArcLight Capital, Robb Turner, private equity, cogeneration, energy
A Nissan Motor Co worker looks at a co-generation system, which captures and utilizes the heat produced when generating electricity, installed at the company's Oppama plant in Yokosuka, south of Tokyo July 2, 2011. With 35 of Japan's 54 nuclear power plants shut, the Japanese government has ordered big companies to cut their peak power consumption by 15 percent from last year this summer, in the first such mandate since the oil crisis of 1974. To meet the target, the auto industry has changed its weekend holidays to Thursdays and Fridays between July and September. REUTERS/Yuriko Nakao (JAPAN - Tags: ENERGY TRANSPORT) - RTR2OD7O
  • Robb Turner co-founded ArcLight in 2001
  • Firm sold minority stakes late last year
  • ArcLight closed Fund VI on about $5.6 bln
Robb Turner, a co-founder and senior partner of ArcLight Capital Partners, stepped back from daily responsibilities recently and moved into a senior advisory role, according to an email seen by Buyouts. Update: Turner is forming investment firm Madava Asset Management ...

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