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ArcLight sees new electric truck depots for Zeem outside of California; Huron Capital leadership changes; Permira’s Xiao talks Pride month

ArcLight sees new electric truck depots for Zeem outside of California; Huron Capital leadership changes; Permira’s Xiao talks Pride month

Good morning, Hubsters. Michael Schoeck here back with you for the Thursday Wire. I hope everyone had a nice mid-week Juneteenth reprieve. 

We’ll have a look at my latest interview with Jake Erhard, partner and head of ESG at ArcLight Capital Partners, which details growth catalysts for electric truck depot service company Zeem Solutions.

Next up is a new story by affiliate title Buyouts’ editor Chris Witkowsky, who detailed leadership changes at Huron Capital Partners.

Last up is a Pride month series interview by PE Hub Europe’s Nina Lindholm with Permira principal Yi Xiao.

And we’ll wrap up today with highlights from a mid-year private equity deals report by advisory firm PwC, which shared insights on dealflow for the remainder of the year.

First let’s start out with an energy transition interview with ArcLight Capital.

Electric trucking corridors

ArcLight Capital Partners sees large-scale electric truck charging depot opportunities for portfolio company Zeem Solutions cropping up in a number of markets outside of California, including the Northeast, Southeast and Pacific Northwest.

Upgrade to the premium version of the Wire to read more on Zeem’s growth strategy.

We’ll downshift for a moment from electric trucks to have a look at developments going on at a Midwestern private equity firm.

Paring down the ranks

A next-generation leadership group at Huron Capital Partners is refining the firm’s focus as several long-time senior managers have stepped back from day-to-day leadership, sources told Buyouts editor Chris Witkowsky.

Upgrade to the premium version of the Wire for the lowdown on Huron’s leadership changes and realigned strategy.

We’ll shift back to another Pride month series interview from our European bureau.

A state of mind

Growing up in China, Pride month was not really a concept for Yi Xiao. An engineer by trade, Xiao, the latest interviewee in our series elevating the voices of members of the LGBTQ+ community in private equity, is now a principal in Permira’s Shanghai office.

Readers of the premium version of the Wire can access the full interview.

Closing out the Wire today we’ll have a look at a few nuggets from a consulting firm shedding light on M&A markets rebounding by 2025.

M&A (slowly) rebounds

Inflationary pressure has created a sluggish private equity deal market that is expected to remain sluggish for the remainder of 2024.

In a new report released today titled ‘Private Equity Midyear Deals Outlook,’ global advisory firm PwC expects a near-term focus to remain on portfolio company value creation, as investors look for ways to deploy an all-time high cash stockpile.

That’s a wrap for me today. Keep an eye out for the Friday edition of the Wire tomorrow with Obey Martin Manayiti.

Cheers,

Michael

Read the full wire commentary on PE Hub ...

Also of note (may require subscriptions)

Why Apollo is avoiding ‘fashionable assets’ for its PE impact fund: The firm has found value in assets "less obviously levered to the sustainability trend," according to co-head of impact Joanna Reiss. (New Private Markets)

BTG Pactual’s Timberland Investment Group has sold eight million carbon credits from its Latin America-focused Restoration Fund to Microsoft. (Agri Investor)

London-based private credit manager Arcmont Asset Management has received regulatory approval from the UK’s Financial Conduct Authority to launch a fund aimed at individual investors. (Private Debt Investor)

Amid concerns of a bubble, a new venture firm founded by alums of Softbank and Microsoft's M12 VC fund is taking a more conservative approach to AI investing. (Venture Capital Journal)

Supply issues have resulted in the Chinese secondaries market seeing discounts as high as 50 percent, according to a senior executive at Hamilton Lane. (Secondaries Investor)

They said it

“Ultimately as this business sector matures it is going to incorporate more traditional real asset financing level solutions at the depot level. It will look similar to traditional renewable and distributed energy infrastructure over time.”

— Jake Erhard, partner and head of ESG at ArcLight Capital Partners, said about portfolio company Zeem Solutions’ electric truck charging strategy.