New Ventures
Reliable and meaningful solutions for the advancement of energy and related infrastructure
New Ventures Vision Underpinned by Four Strategic Aims
Core
Competencies
Leverage operational expertise (mining, Matrix), reputation, strategic relationships, and existing assets to profitably generate sustainable new cash flow streams
Customer
Focused
Continue best-in-class customer service and active engagement to provide innovative solutions for long-term, high-quality customers
Stewardship/
Culture
Strong emphasis on a fulfilling and mission-oriented culture to ensure the longevity and success of the organization and its employees
Returns
Driven
Disciplined and process-oriented approach to allocating capital with proven track record of maximizing risk-adjusted returns for unit-holders over long-term
Investment Approach
We are allocating excess cash flows into high growth businesses where we can leverage our core competencies and strategic relationships to generate meaningful, risk-adjusted returns. The management and ownership of these investments fall into two primary categories:
- Operated Growth Assets: entities that we directly operate or control
- Strategic Investments: non-controlling investments in highly strategic areas that may lead to controlling opportunities and/or significant returns upon exit
Portfolio
Operated Growth Assets
Matrix
Matrix Design Group LLC is a safety and productivity technology leader for mining and industrial applications. We provide a hardware, software and analytics platform that delivers leading-edge products and actionable insights to our operators.
Focus
Headquarters
Date of Initial Investment
Strategic Investments
Infinitum
We’ve designed a motor with future generations in mind, going beyond efficiency and taking the entire lifecycle into account by using fewer resources to produce it, less energy to run it and a commitment to remanufacture it.
Focus
Headquarters
Date of Initial Investment
NGP ETP IV
NGP believes energy is essential to progress. We invest in people, ideas and companies to ensure responsible, secure energy today and to accelerate the transition to a more sustainable energy future. Today, we are one of the most trusted private equity energy investors.
Focus
Headquarters
Date of Initial Investment
Francis Energy
Francis Energy is creating a contiguous electric vehicle direct-current fast charging (DCFC) network every 50 miles across Middle America. The Francis Energy team is united in our passion for pushing the boundaries of EV infrastructure and the EV driver experience.
Focus
Headquarters
Date of Initial Investment
Ascend Elements
Based in Westborough, Mass., Ascend Elements is the leading provider of sustainable, closed-loop battery materials solutions. From EV battery recycling to commercial-scale production of lithium-ion battery precursor (pCAM) and cathode active materials (CAM), Ascend Elements is revolutionizing the production of sustainable lithium-ion battery materials.