The energy team formerly employed by AllCapital, a unit of Australia's Allco Financial, has founded the New York-based Abatis Capital to invest in energy in North America. “Allco had made a strategic decision to exit the power business,” says Stephen Daniel, senior partner and coo of Abatis. “Having effectively built a team that was unexpectedly available, we see terrific opportunities in the North American energy sector.” Last spring, Allco opted to sell its 4 GW global wind portfolio and focus on aviation, shipping, rail and real estate (PFR, 3/14).
September 22, 2008