The U.S., and other industrialized nations have dramatic opportunities for environmental business growth with high economic value to the end customer, high levels of market and product innovation, and relatively low competitive intensity in markets.
New York, NY (PRWEB) September 17, 2013
Carter Bales of New World Capital Group headlined the Ivy Family Office Network NY Trends in Family Offices Forum with a discussion on "Non Correlated Investment Strategies." The Forum was held on September 10th in New York City, NY.
According to Mr. Bales, "The U.S., Canada and other industrialized nations have dramatic opportunities for environmental business growth with high economic value to the end customer, high levels of market and product innovation, and relatively low competitive intensity in markets that are experiencing rapid primary demand growth." And, "There are private equity style approaches that can generate substantial economic returns to investors. NewWorld concentrates on businesses with no tech risk, a sustainable business proposition, and explicit ways of mitigating other investment risks."
Moreover, "Overall trends favor environmental companies with 'high necessity' characteristics and low 'regulatory' risk. We look at companies that do not require material changes in end-market behavior for growth. One example is in distributed solar financing and roof-mounted solar innovations where demand and installation is increasing dramatically and tax codes favor action prior to potential 2016 expiration."
Other speakers on the panel included Alexander Lloyd of Accelerator Ventures, Bruce Wilcox of Xiling Group, LLC, Don Putnam of Grail Partners/Chalice Fund and Irwin Latner of Herrick Feinstein.
Carter F. Bales, Chairman & Managing Partner, co-founded NewWorld in June 2009, a private equity firm focused on middle market companies in the energy efficiency, clean energy, water resources and reclamation, waste-to-value, and environmental services markets in the U.S. and Canada. Before NewWorld, he was Managing Partner Emeritus at The Wicks Group of Companies, L.L.C. While at Wicks, he served on the Investment Committee and the Boards of Directors of most Wicks portfolio companies.
Mr. Bales was a Director of McKinsey & Company from 1978 to 1998, where he held senior leadership positions, including founding the consultancy’s practices in environmental management. He was a member of McKinsey’s Board of Directors for 7 years. He left McKinsey but continues as an Emeritus Director and Senior Advisor to McKinsey on environmental matters.
Mr. Bales is a recognized expert in the environmental field and has published a number of articles. He serves on the boards of a number of leading environmental organizations.
Mr. Bales graduated from Princeton University with a BA in Economics and holds an MBA from Harvard Business School.
NewWorld Capital Group, LLC (NewWorld) is a private equity firm making growth capital and control investments in mid-sized and smaller companies focused on crossing the commercialization gap in the large, growing and significantly undercapitalized Environmental Opportunities sector in the United States and Canada. NewWorld’s target investment segments within the Environmental Opportunities sector include energy efficiency, clean energy, water resources and reclamation, waste-to-value, and environmental services.
The Ivy Family Office Network Forum provides an ongoing dialogue for family offices to support high-value education and information on trends for family office investing, structure and operational excellence. Attendees gain practical strategies and solutions to achieve both short and long-term objectives. The program features off-the-record, peer-to-peer discussions in a non-commercial setting, in-depth and highly interactive sessions.
About The Ivy Family Office Network
The Ivy Family Office Network, IvyFON, is a leading peer to peer global family office network with several hundred family offices attending events around The Americas within the past 12 months. Some of the more than 1,400 past speakers have included 5 of the top 10 largest asset allocating consultancies, pre-eminent alternative investment funds by return, leading institutional investors by size, best-in-class asset management professionals, family office subject matter experts and world-class family offices.
Premier Speakers have included Ron Baron, Fred Nazem, Nick Maounis, John Taylor and many others. Forum sessions are multi-format and cross-disciplinary covering a range of family office centric topics.
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For more information on New World Capital contact Danielle Joseph at 212-207-0268 or at Danielle.Joseph(at)newworldcapital(dot)net. For more information on the Ivy Family Office Network, contact Marty Secada at 646-290-8114, go to ivyfon.com/contact.html or at martysecada(at)broadwall(dot)biz.