Managing Partner & Chief Investment Officer
IC Member, Former APG Opportunity Fund Team Member
Dempsey Gable spent 8 years at APG asset management where he served as Managing Director, member of the US Executive Board and Fund Manager for the $5.5 billion Opportunity Fund. Under Mr. Gable’s direction, the fund invested opportunistically across the capital stack in direct equity and debt, as well as primary fund investments. Investments focused mainly on energy, energy infrastructure and related assets, including oil and gas, renewables, energy efficiency, transmission, independent power and utility assets. The fund’s mandate was to pursue tactical, deep value investment opportunities caused by market dislocations. Investments also included unconventional assets, new asset classes or investments that had cross-asset features.
Mr. Gable has served on the boards of 15 portfolio investments. Prior to his role as head of the Opportunity Fund, Mr. Gable established APG’s U.S. Energy Infrastructure team, which invested approximately $1 billion per year. Before joining APG, he served as Executive Director of Corporate Finance for the Power, Utilities and Infrastructure Group at West LB, where he built a portfolio of $780 million of energy infrastructure assets across 10 investments in his first year. Previously, Mr. Gable was North American Group Head at Commerzbank, where he built and managed the energy industry group, building a $4.5 billion portfolio of energy assets. He established investment relationships with 20 energy companies and held financial advisory roles with AEP and Southern Company for power investment. Mr. Gable was co-lead/structurer on the “Project Finance Deal of the Year” for the $700 million Kern River Pipeline and structurer on the Iroquois and PGT Pipelines, which together represent the 3 largest pipelines built in the US in the past 30 years. Mr. Gable held leadership roles at PaineWebber (UBS), Barclays, and Prudential Securities, including business development and client relationships across the energy spectrum including utilities, transmission, distribution and IPPs.
Mr. Gable served as Vice-President of Finance and Marketing at Unit Drilling and Exploration in Tulsa, Oklahoma where he was responsible for all financings, corporate strategy and acquisition analysis. Mr. Gable has worked across all facets of the energy industry, including Texas refineries, offshore platforms, as a roughneck on an offshore drilling rig, and pipe lay barges. Mr. Gable holds a BBA and MBA in Finance from University of Texas at Austin.
Managing Partner & Chief Executive Officer
IC Member, Former APG Opportunity Fund Team Member
Paulus Ingram spent 6 years in leadership roles at APG Asset Management in Amsterdam and New York. As Head of Hedge Fund Investments at APG, he was responsible for a $23 billion program. Prior to running the hedge fund program, Mr. Ingram was a Senior Portfolio Manager on APG’s Opportunity Fund. Additionally, Mr. Ingram served on APG’s Sustainable Development Investments Task Force and APG’s Sustainability and Governance team. In that capacity, he was responsible for evaluating, approving and monitoring ESG in all infrastructure, natural resources, private equity, and hedge fund investments. Mr. Ingram was a drafter of the Farmland Principles and the ESG Disclosure Framework for Private Equity, which has been adopted globally by all major private equity associations, including ILPA and IPEV. He served as Chair of the hedge fund work stream for the UN PRI and also as a member of the AIMA Investor Chapter.
Mr. Ingram began his career at D.E. Shaw, a quantitative hedge fund based in New York. He has twenty years of investment and asset management experience focused on alternative investments. Mr. Ingram attended Amherst College and Oxford University’s Said School of Business Private Equity Program. He also holds a Masters in International Finance with honors from the University of Amsterdam and a Master of Laws from the Duisenberg Honors Program, a special joint program of the Vrije University and University of Amsterdam. Mr. Ingram holds the Chartered Alternative Investment Analyst (CAIA) designation, the CFA Society of the UK Investment Management Certificate and a Certificate in Real Estate Development from the Urban Land Institute (ULI).
Senior Portfolio Manager
Former APG Opportunity Fund Team Member
Steven Bloom is a seasoned investment professional. Mr. Bloom spent 8 years at APG Asset Management, including 5 years as a Portfolio Manager on APG’s Opportunity Fund. During his time on APG’s Opportunity Fund, he underwrote and managed a portfolio of more than $1 billion of investments.
Mr. Bloom began his career at APG as head of research and asset management for APG’s North America Strategic (Private) Real Estate Fund. Prior to joining APG, Mr. Bloom was a Portfolio Manager at HSBC Asset Management after having worked seven years at Morgan Stanley. He has an extensive investment expertise in performing due diligence and underwriting in energy efficiency, renewables, real assets and emerging assets. He holds a Bachelor’s degree from Cornell University, is a CFA Charter Holder and an adjunct faculty member at Columbia University.
Special Advisor – Sourcing
George Sorenson has 18 years of experience originating, structuring, negotiating and executing direct equity investments in electric, gas, water, and telecommunications utilities globally. He was a Founder and Chairman of a former APG portfolio investment, an energy infrastructure fund manager. As founder of FE Clean Energy Group, Mr. Sorenson has successfully formed five private equity funds totaling $320 million. These funds have as their investment focus investments in energy efficiency and renewable energy, and the purchase of electric and other utilities. Through funds he’s managed, Mr. Sorenson has made more than 27 investments in hydroelectric projects, 7 investments in wind projects, has owned electric utilities in Peru, Brazil and Argentina and has made extensive investments in biomass and biofuels. Mr. Sorenson started his career at Drexel Burnham Lambert and was in charge of its high yield structuring and placement in Asia. He also worked at Bear Stearns before starting FondElec Group, a company focused on the purchase of utility assets around the world. Mr. Sorenson has a Bachelors in Finance from the University of Utah, and a Masters from the American Graduate School of International Management (Thunderbird) in Glendale, Arizona.
Special Advisor – Finance and Operations
Andrew Wilder has served in an independent CFO role on behalf of APG for two portfolio investments. Mr. Wilder has over 20 years experience in the alternative asset management industry, where he held various leadership roles in building and managing businesses. Mr. Wilder held Chief Financial Officer and Chief Operating Officer roles for numerous fund management firms. Mr. Wilder was CFO, COO and co-founder of North Sound Capital, a $3 billion peak AUM long/short equity hedge fund, and more recently was CFO and co-founder of Western Uranium Corporation, a publicly traded US-based uranium mining company. In addition to those roles, Mr. Wilder founded and managed as CEO Cross River Group, a business development firm focused on private equity businesses and real asset project developers in the Natural Resource and Technology sectors. He also co-founded Columbus Avenue Consulting, an independent fund administration business with 90 clients and $7 billion AUA when it was subsequently sold in 2012. Earlier in his career, Mr. Wilder was the Head of Operations for C. Blair Asset Management, a $500 million long/short equity hedge fund based in Greenwich, CT. Mr. Wilder began his career as Manager in Audit for Deloitte & Touche. He currently serves on the Board of Directors for Western Uranium Corporation. Mr. Wilder holds the Chartered Accountant (Canada) designation and the CFA designation. He received a Masters in Business Administration from the University of Toronto and a Bachelor of Arts from the University of Western Ontario.
Having previously served as Controller of a portfolio investment of the APG Opportunity Fund, Darice Bochniak brings over 16 years of experience in finance and audit to Arc Fiduciary. Ms. Bochniak served as Controller for FE Global Clean Energy from 2008 to 2016, where she was responsible for all accounting, audit, compliance, and reporting. She also served as Senior Tax Accountant at KPMG. Ms. Bochniak was Controller at Weston Capital Management, an alternative investment management firm offering customized hedge fund and hedge fund-of-funds products. Earlier in her career, she was a consultant to real estate investment manager Greenfield Partners, and a Senior Accountant at venture capital firm, Oak Investment Partners. She has a Masters degree in Taxation from the University of New Haven and a Bachelors degree in Accounting from the University of Rhode Island, College of Business Administration.
Chief Risk and Technology Officer
Pravin Patil has spent 6 years in various roles at ABN AMRO Bank in Amsterdam and New York. He has been involved in overall bank balance sheet management, risk management and new business initiatives of ABN AMRO in North America and Europe, specifically covering the energy, transportation and commodities sectors. Mr. Patil has also extensively researched renewable energy corporations in India. He was responsible for setting up the New York ABN AMRO branch. Prior to that, he worked in the Information Technology space, and was responsible for the set up of an Indian development center for Tieto, the largest Nordic IT service company, where he built and managed a team of 400 employees. He also has experience in corporate restructuring and management consultancy. Mr. Patil holds Masters in Risk Management (International Finance) from the Duisenberg School of Finance, a special joint program of the Vrije University and University of Amsterdam. He attended CoEP, a premier engineering school in India and was university topper in his program.
Chief Compliance Officer
Joe Iraci joined ARC as Chief Compliance Officer in November 2016. He is a seasoned regulatory compliance attorney with Adherence LLC’s outsourced regulatory compliance business. Mr. Iraci was formerly Counsel and CCO to NorthCoast Asset Management. His prior work experience includes several years at The Kenmar Olympia Group as Director of Legal and Compliance Affairs and as a Research Analyst for Iridian Asset Management. He earned a BA in Marketing from Fordham University, and he received a joint JD/MBA with concentrations in Finance from Pace University. He holds a Series 24, 7 and 63 and is licensed to practice law in the State of Connecticut.
Director of Impact
Heather Langsner leads La Francaise Center of Climate Excellence. She has been the Senior Analyst and Global MD of Portfolio Analytics at La Francaise Inflection Point Capital Management (LFIP) for the past 3 years. In that role, she developed two flagship portfolio strategies including “Carbon Zero”— a public equity concentrated strategy delivering net negative carbon emissions through a proprietary method that involves measuring and standardizing the reported energy output reported by next generation utilities and renewable energy companies. She was also the Senior Analyst covering all Clean Technology and Renewable Energy stocks as well as and Aerospace/Defense, Chemicals, Industrials, Technology, and Oil & Gas. Ms. Langsner has 12 years of experience in carbon emissions modeling. Previously, she was in the technical advisory group of Swidler, Berlin Shereff Friedmen, LLC.
Ms. Langsner began her career at Japanese Embassy doing infrastructure finance and technical advancement. She interned at the World Bank Private Service Private Development group on public/private partnerships for green infrastructure. She was Research Director at Strategic Value Advisors, which is now part of MSCI. There she developed the Intangible Value Model, which MSCI later adapted and still uses today. Ms. Langser has also provided private consulting services on eco-industrial modeling, LCA, carbon emissions reporting, emissions assessments and sustainability strategy. Ms. Langsner has a BA in International Relations from Towson University, with coursework in Environmental Chemistry from Johns Hopkins University. She holds a Masters in Environmental Science and Policy with a focus in Industrial Engineering from Columbia University.
Executive Director, External Affairs
An award-winning journalist Imogen Rose-Smith has over 15 years experience covering institutional asset management and is currently a Senior Writer with Institutional Investor magazine. She was a 2016 fellow of the Office of the Chief Investment Officer, University of California Regents, where she worked on ESG and sustainability issues. As a journalist her areas of expertise include: institutional investors, hedge funds, venture capital, impact investing, government policy and long term asset ownership. She is a recurring contributor to Impact Alpha’s Returns on Investment podcast.
Imogen serves on the Advisory Board of Girls Who Invest, a not-for-profit focused on increasing the number of women in investment management roles. She is a member of the content planning commilee for High Water Women’s annual Impact Investment Symposium.
From 2012 to 2014 Imogen worked as a consultant to the Robert F Kennedy Center for Justice and Human Rights on its Compass conference program, a high-level conference aimed at engaging asset owners in issues relating to the environment, social responsibility and corporate governance. She represented the RFK Center in negotiations with the Department of Labor with regards to the November 2015 DOL guidance concerning impact investing and shareholder engagement.
Imogen has an MA in American Studies from Columbia University and a BA from the University of East Anglia, England.