Managing Partner &
Chief Executive Officer
Former APG Opportunity Fund Team Manager
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 Director, Portfolio Management
Former APG Opportunity Fund Portfolio Manager
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.
Managing Director, Originations
Alistair Buchan is a veteran project finance and renewable energy financier
Mr. Buchan was financial advisor to AES Distributed Energy Inc, “AESDE” a US-based, solar power developer, for three years. During that time he advised on their corporate restructuring and acquisition by the AES Corporation. He also provided advice for AESDE’s tax equity and debt raising initiatives for their Solar, Commercial and Industrial and Residential programs. Mr. Buchan has additionally provided advice to other clients in the solar, wind, landfill gas and anaerobic biodigester renewable energy sectors.
Mr. Buchan was Co-Head and Managing Director of monoline company, XL Capital Assurance’s, “XLCA”, Power and Utilities division for seven years. During that time he built and managed a $10 billion global portfolio of Utility and Project Finance debt assets.
Mr. Buchan worked at Barclays Capital for 15 years, primarily in the Project Finance and Capital Markets Divisions. During that time he financed a wide range of power, pipeline and infrastructure projects.
Mr. Buchan has a MA in Economics from Edinburgh University and an MBA from Columbia University.